#GENIUSActPass

The vote on the GENIUS Act was 68-30, with 18 Democrats joining most Republicans in favor. Just two Republicans — Rand Paul of Kentucky and Josh Hawley of Missouri — voted against it.

The vote was the first time that the Senate has passed major legislation regulating digital assets.

"With this bill, the United States is one step closer to becoming the global leader in crypto," Sen. Bill Hagerty, R-Tenn., the author of the GENIUS Act, said in a floor speech. "This bill will cement U.S. dollar dominance, it will protect customers, it will drive demand for U.S. treasuries."

"Today will be remembered as an inflection point for innovation in the United States of America," he said.

The GENIUS Act now heads to the Republican-led House, which has been working to pass its own bipartisan bill focused on creating a regulatory framework for digital assets.