#GENIUSActPass

The Senate has approved the GENIUS Act, a historic legislation on stablecoins, with a vote of 68 to 30. This represents a significant step forward for cryptocurrency regulation in the United States, aiming to provide clarity to a sector that has been characterized by uncertainty.

The bill, which introduces a regulatory framework for stablecoins, is seen as a way to strengthen the US dollar and promote financial innovation. Although there are still differences to reconcile with the House version (the STABLE Act), the passage in the Senate is a crucial moment that could lead to greater regulatory certainty, a benefit for the stablecoin sector. The industry welcomes this move towards institutional legitimacy.