The Senate approves the GENIUS bill in a historic push for stablecoins that moves to the House of Representatives for deliberation
The Senate has already approved the GENIUS bill with a vote of 68-30 on Tuesday.
The bill moves to the House of Representatives for deliberation and, consequently, a full vote in the chamber.
If the GENIUS bill is approved by the House, it will arrive at the President's desk to be signed into law.
The United States Senate (U.S.) has approved the U.S. Guidance and Establishment of Innovation for Stablecoins Act (GENIUS) with a vote of 68-30 on Tuesday, bringing it closer to President Donald Trump's desk. The bill is now heading to the House for deliberation before a final vote.
In a highly anticipated move, the U.S. Senate approved the GENIUS bill on Tuesday with a vote of 68-30, marking the first major bill related to digital assets to receive support from the Senate. The bill is now awaiting final deliberation in the House before it can advance to the President's desk.