The U.S. Senate’s vote to advance the GENIUS Act marks a crucial milestone in the evolving landscape of US crypto regulation. This bill, aimed at bringing clarity to the burgeoning stablecoin market, could unlock trillions for the U.S. Treasury and pave the way for greater adoption within the financial system. David Sacks, a prominent figure known for his influence on crypto policy, believes a well-crafted stablecoin bill will significantly boost the US economy. The Senate’s vote, while not final passage, represents a significant step forward in this journey towards regulation. 59 senators supported the motion to proceed. The process now shifts toward formal debate and amendment of the bill, bringing it closer to reality.