On Tuesday, July 17, in Washington, the Senate passed the U.S. cryptocurrency regulation bill, the GENIUS Act, by a bipartisan vote of 68 to 30, marking the first official bipartisan proposal for establishing federal regulation for stablecoins in the digital currency economy.

The passage of the GENIUS Act signifies the beginning of a new chapter in federal policy regarding cryptocurrencies, where lawmakers are setting rules for crypto assets.

Cryptocurrency regulation in the U.S. with the passage of the GENIUS Act is a turning point in how Washington views digital finance as a transformative force. As cryptocurrency becomes increasingly influential in politics, the true test will be whether future U.S. cryptocurrency regulations prioritize innovation, accountability, or influence.