#GENIUSActPass The Senate voted 68-30 on Tuesday night to pass the GENIUS Act, a bill aimed at regulating certain cryptocurrencies.

The bill faced some Democratic opposition due to President Donald Trump's cryptocurrency initiatives, but ultimately garnered support from 18 Democrats, including Senators Cory Booker, D-N.J., and Adam Schiff, Democrat from California.

The industry-backed measure establishes rules aimed at stablecoins, a type of cryptocurrency linked to the value of another asset, often the U.S. dollar.