$WCT **U.S. Senate Passes First-Ever Stablecoin Bill (GENIUS Act)**
On June 17, 2025, the U.S. Senate approved the bipartisan GENIUS Act by a 68–30 vote, marking a historic step toward federally regulating dollar-pegged stablecoins. This legislation establishes clear rules for asset backing and consumer protections, aiming to bring standardization across the crypto industry .
The bill now moves to the Republican-led House, where debate continues on whether to incorporate broader crypto reforms like the CLARITY Act . Industry insiders see it as a breakthrough—providing stability and inviting institutional investment—though critics note it doesn’t address conflicts of interest involving President Trump and his family’s crypto holdings .
Why it matters: This framework sets the groundwork for mainstream adoption and regulatory clarity, potentially spurring innovation and reducing the likelihood of future crashes tied to unregulated stablecoins.#Tradersleauge
