GENIUS Act passes U.S. Senate with 68-30 vote.
- A major step toward a regulated stablecoin framework in the U.S. es Could pave the way for faster payments
- Puts the U.S. closer to embracing digital asset innovation.
- Major companies reportedly exploring stablecoin issuance.
- Next stop: House review, followed by the STABLE and CLARITY Acts.
Stablecoins are effective for encouraging crypto investment and mass adoption. People can use it for faster crypto transactions and even for potential long term investments when there is a return on investment similar to the money market.