#CryptoStocks The US Senate voted to approve the "GENIUS" Act to regulate stablecoins, marking the first major legislative victory for the digital asset industry in the United States. The bill, which passed 68-30, establishes a clear federal framework for regulating digital currencies pegged to the US dollar for the first time, allowing private companies to issue "digital dollars" under direct government oversight. The bill's passage follows a vigorous lobbying campaign by the crypto industry, which spent nearly $250 million during the 2024 election cycle in an effort to shore up what is seen as the most pro-crypto Congress in the country's history.
Democratic Senator Kirsten Gillibrand, a key sponsor of the bill, said, "The GENIUS Act will protect consumers, promote responsible innovation, and support the continued dominance of the US dollar," according to CNBC.
Although the law still awaits approval by the Republican-controlled House of Representatives, its passage in the Senate represents a significant political and technical shift in the direction of cryptocurrency regulation in the United States.
Pi Network coin price in dollars today, Wednesday, June 18, 2025
What is the price of Bitcoin in dollars today?
Bitcoin's price fell 0.25% during trading on Thursday, June 19, 2025, reaching $104,929, at 9:00 AM Abu Dhabi time.
The market value of the world's most popular cryptocurrency stabilized at $2.08 trillion.
Bitcoin trading volume rose to $48.71 billion in the last 24 hours.
Over the past 7 days, Bitcoin has lost about 3.12% of its value.
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Cryptocurrency prices against the dollar today, Wednesday, June 18, 2025
What are the cryptocurrency prices today in dollars?
The price of Ethereum (ETH) fell by 0.32% to $2,519.
Binance coin (BNB) price fell by 1.14% to $644.
The price of Cardano fell by 2.09% to $0.6009.
Ripple's XRP price fell 0.31% to $2.1609.
While the price of Dogecoin (DOGE) decreased by 0.07% to reach $0.170519.
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