#StablecoinLaw

The U.S. House of Representatives approved important bipartisan legislation on Thursday aimed at regulating a type of cryptocurrency known as stablecoins, and sent the bill to the president's desk for his signature.

Lawmakers gave final approval to the GENIUS Act, the first legislation of its kind to regulate cryptocurrencies, with a vote of 308 to 122, after a group of Republicans temporarily blocked the measure earlier in the week due to a political dispute.