#GENIUSActPass The U.S. Senate approves the GENIUS stablecoin bill with 68 votes in favor and 30 against

The Act to Guide and Establish National Innovation for U.S. Stablecoins, known as the GENIUS Act, is one step closer to becoming law in the United States after the U.S. Senate voted in favor of passing an amended version of the bill.

In a vote on Tuesday of 68-30, the majority of the U.S. Senate decided to approve the GENIUS Act approximately six weeks after Tennessee Senator Bill Hagerty introduced the legislation. The complementary bill, the STABLE Act, could be considered next in the House of Representatives, where it may face additional amendment proposals.

"With this bill, the United States is one step closer to becoming the global leader in cryptocurrency.