#CryptoStocks On June 17, the US Senate passed a bill outlining a legal framework for cryptocurrencies pegged directly to the US dollar, establishing a stablecoin regulatory framework for the first time and laying the foundation for transparency in the cryptocurrency market. The Genius Act passed 68-30, with support from both Democrats and Republicans. The bill will now move to the Republican-controlled House of Representatives before being signed into law by President Donald Trump. The Senate’s passage of the Genius Act marks a major milestone for US cryptocurrency regulation and is in line with Trump’s promise to pass crypto-friendly regulations.