#GENIUSActPass approved the Genius law 68 votes to 30 seeks to Establish National Innovation for Stablecoins in the U.S., known as the GENIUS Act, is one step closer to becoming law in the United States after the U.S. Senate voted in favor of approving an amended version of the bill.

In a vote on Tuesday of 68-30, the majority of the U.S. Senate decided to approve the GENIUS Act approximately six weeks after Tennessee Senator Bill Hagerty introduced the legislation. The complementary bill, the STABLE Act, could be considered next in the House of Representatives, where it may face additional amendment proposals.

“With this bill, the United States is one step closer to becoming the global leader in cryptocurrency.