US Senate Approves GENIUS Bill, Setting Stage for Stablecoin Regulations

The US Senate has taken a decisive step forward with the vote on the Government Oversight of Enhanced National Interest in US Stablecoins Act, commonly known as the GENIUS Act. This bipartisan bill aims to establish clear federal oversight of stablecoins, especially those issued by companies with over $10 billion in assets. This action moves the legislation closer to becoming law and shaping the future of the digital asset market.