US Senate Approves Key Bill for Stablecoin Regulation

The U.S. Senate has made significant progress towards regulating stablecoins, a move that could reshape the digital asset market in the country. A key piece of legislation known as the GENIUS Act recently cleared a crucial procedural hurdle, advancing to the final stage of Senate deliberation. This marks a major development, highlighting growing bipartisan interest in establishing a framework for US stablecoin regulation.