#GENIUSActPass The United States Senate has approved the GENIUS Act with an overwhelming bipartisan vote.

This marks the first time the Senate has passed 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 top lawmakers develop a strategy for its approval.

The crushing bipartisan approval of the U.S. Senate's stablecoin bill with a final vote of 68-30, which saw a significant increase in Democrats joining their Republican counterparts on Tuesday, sets a precedent.