$USDC On June 18, the U.S. Senate officially passed the GENIUS stablecoin bill with an overwhelming vote of 51–23, marking the first time a cryptocurrency bill has been approved by the Senate. Republican Senator Bill Hagerty, the main sponsor of the GENIUS Act, thanked his colleagues who supported the bill before the official vote took place. The passage of the bill was not unexpected, as just a week prior, a majority of lawmakers had agreed to expedite the review process. Mr. Hagerty shared: