#GENIUSActPass
The Senate passed a bill aimed at establishing the first regulatory framework for stablecoins, thereby ending the prolonged and turbulent bipartisan negotiations.
The GENIUS Act, which was nearly torpedoed when Democrats faced an internal conflict over President Trump's burgeoning cryptocurrency empire, represents one of the few instances of bipartisan compromise in this Congress.
The Senate voted to adopt the bill on Tuesday by a majority of 68–30, with two Republicans opposing.