US Senate Passes GENIUS Stablecoin Bill In Latest Win For Crypto Regulation
The US Senate passed the landmark GENIUS stablecoin bill, marking a major step forward for crypto regulation. The bill, formally known as the Guiding and Establishing National Innovation for US Stablecoins of 2025 (GENIUS) Act, passed 68–30 after a wave of Democrats joined Republicans to support it. It now heads to the House, where Republicans hold a slim majority. If approved, the bill will go to President Donald Trump’s desk. Trump’s crypto czar David Sacks said in May that Trump will likely sign it into law. “With this bill the United States is one step closer to becoming the global leader in crypto,” said Republican Tennessee Senator Bill Hagerty, who introduced the bill about six weeks ago. Republicans Could Push Stablecoin Bill Through House The GENIUS Act is the first major crypto-related bill to clear the Senate. However, the House does have its own Digital Asset Market Clarity Act, which is a more sweeping crypto bill that would provide a f...