** Progress in the US Senate! **

The U.S. Senate has moved forward with the GENIUS Act — a bill designed to regulate stablecoins.

The GENIUS Act is seen as a major step toward legitimizing and securing the $250 billion stablecoin market, currently dominated by players like Tether (USDT) and Circle (USDC).

Senator Cynthia Lummis, a Republican and vocal supporter of the bill, said she believes May 26 — Memorial Day — is a “fair target” for final passage.

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Source: Yahoo Finance