US Senate Passes GENIUS Stablecoin Bill, Setting Stage for Final Passage

The US Senate has taken a decisive step in regulating stablecoins with the passage of the GENIUS Act’s cloture vote. The bipartisan support for this procedural victory signifies a significant move towards formalizing regulations for digital assets. This milestone marks a turning point for the cryptocurrency industry as it clears the path toward final legislative approval, paving the way for long-awaited regulatory clarity.