#GENIUSActPass The bill to regulate stablecoins represents a win for the cryptocurrency industry. A House vote is next before President Trump can sign it into law.

A landmark bill to regulate cryptocurrency passed the Senate on June 17, creating a path for digital assets to go mainstream and representing a big win for an industry that spent heavily to get President Donald Trump elected.

The 68-30 vote reflects a major victory for the crypto industry, which has been aggressively lobbying Congress on the legislation.

The bill next must be approved by the Republican-led House before Trump can sign it into lawThe bill, dubbed the GENIUS Act, would create a framework to regulate stablecoins.