The U.S. Senate has advanced the GENIUS Act with a 66-32 procedural vote, aimed at regulating stablecoins. This legislation represents a significant step towards federal oversight within the cryptocurrency sector.
Sponsored by Senator Bill Hagerty, the bill garnered bipartisan support, highlighting varying reactions among senators. While some endorse it for fostering investor confidence, others express concerns about digital asset connections.
The GENIUS Act marks a milestone in creating clear regulations for stablecoins, potentially enhancing the U.S. position in cryptocurrency innovation and solidifying market stability.
Full story here: https://coincu.com/338651-senate-advances-genius-act-stablecoin
