$USDC The United States Senate has passed the GENIUS Act with an overwhelming bipartisan vote

This marks the first time the Senate has approved significant cryptocurrency legislation after years in which key Democratic members blocked the advancement of such legislation.

The bill is headed to the House of Representatives where its next steps remain uncertain as major lawmakers develop a strategy for its approval.

The crushing bipartisan approval of the Senate's stablecoins bill with a final vote of 68-30, which recorded a significant increase of Democrats joining their Republican counterparts on Tuesday, sets a new record in cryptocurrency policy efforts in the United States as the legislation now heads to the House of Representatives.