#FOMCMeeting

What to know:

The U.S. Senate has approved the GENIUS Act with an overwhelming bipartisan vote.

This marks the first time the Senate has ever cleared a major piece of crypto legislation after years in which key Democratic members blocked the advancement of such legislation.

The bill heads to the House of Representatives, where its next steps remain uncertain while leading lawmakers work out a strategy for passage.The overwhelming bipartisan passage of the U.S. Senate's stablecoin bill, with a 68-30 final vote that saw a huge surge of Democrats joining their Republican counterparts on Tuesday, sets a new high-water mark of crypto policy efforts in the U.S. as the legislation now heads to the House of Representatives.