The Senate’s 68-30 approval of the GENIUS Act marks a pivotal step in US crypto regulation. The bill, introduced by Sen. Bill Hagerty, aims to establish clear rules for stablecoins—a move applauded by industry advocates.
With the Senate’s vote secured, attention shifts to the House, where the STABLE Act may undergo further revisions.
“This bill positions the US as the hub for blockchain innovation,” Hagerty argued, highlighting efficiency gains for businesses and consumers.
Earlier opposition stemmed from Democratic concerns over Trump’s crypto ties, particularly his family’s investment in World Liberty Financial, a stablecoin issuer. Today’s vote suggests bipartisan momentum for crypto legislation.
