#GENIUSActPass The U.S. Senate approved the GENIUS Act on June 17, marking the first significant legislation on cryptocurrencies passed by the chamber. The bill now moves to the House of Representatives for consideration.

Treasury Secretary Scott Bessent projected that the stablecoin market could reach $3.7 trillion by 2030, adding that the approval of the Act may boost private demand for U.S. Treasury bonds, reduce borrowing costs, and expand global access to dollar-based digital assets.