#CryptocurrencyWealth The Senate passed legislation to establish the first regulatory framework for stablecoins, capping prolonged, topsy-turvy bipartisan negotiations.$XRP

Why it matters: The GENIUS Act, which was nearly derailed when Democrats had an internal blowup about President Trump's growing cryptocurrency empire, represents one of the rare instances of bipartisan compromise this Congress.$SOL

The Senate voted 68-30 to pass the bill Tuesday, with two Republicans voting no.

A small group of Senate Republicans and Democrats negotiated changes to the legislation over the last month. But those adjustments didn't include language aimed at preventing corruption by Trump and other public officials.

Progressives like Sen. Elizabeth Warren (D-Mass.), who was the bill's most prominent critic, demanded that Democrats oppose the legislation.$BTTC

The big picture: The GENIUS Act saga underlines how difficult it will be for Congress to regulate the growing cryptocurrency sector in the coming years.