Senate Passes GENIUS Act 68-30 to Establish U.S. Leadership in Digital Asset Innovation
- Senate passes GENIUS Act in 68-30 vote, boosting U.S. blockchain leadership efforts.
- Bill modernizes payment rails, offers stablecoin clarity, and dollar protection.
- Bipartisan support signals strong momentum for broader crypto regulation ahead.
By a vote of 68-30, the U.S. Senate has passed the bipartisan GENIUS Act, an important step toward the regulation of digital assets in the United States. The bills aim to make the United States a leader in blockchain innovation and protect the dollar’s dominance, both from foreign and domestic threats, through holistic stablecoin regulation.
Senator Cynthia Lummis lauded the passage as an important step to ensure that U.S. dollar supremacy is maintained and that its financial leadership is not compromised. The bill is a sign of progress and builds on it, the Wyoming senator stressed, noting that we still need to proceed to full-on market structure legislation in order to fulfill the regulatory framework for digital assets and consumer protection.
Legislation Targets Payment Modernization and Regulatory Clarity
The GENIUS Act encompasses several aspects of digital asset regulation and aims to modernize paymen…
The post Senate Passes GENIUS Act 68-30 to Establish U.S. Leadership in Digital Asset Innovation appeared first on Coin Edition.
Read More
South Korea Explores Won Stablecoin as Bank of Korea Prioritizes Caution
China’s Central Bank Governor Says Blockchain Speeds Up Stablecoin, Payment Innovation
Senate Passes GENIUS Act 68-30 to Establish U.S. Leadership in Digital Asset Innovation
- Senate passes GENIUS Act in 68-30 vote, boosting U.S. blockchain leadership efforts.
- Bill modernizes payment rails, offers stablecoin clarity, and dollar protection.
- Bipartisan support signals strong momentum for broader crypto regulation ahead.
By a vote of 68-30, the U.S. Senate has passed the bipartisan GENIUS Act, an important step toward the regulation of digital assets in the United States. The bills aim to make the United States a leader in blockchain innovation and protect the dollar’s dominance, both from foreign and domestic threats, through holistic stablecoin regulation.
Senator Cynthia Lummis lauded the passage as an important step to ensure that U.S. dollar supremacy is maintained and that its financial leadership is not compromised. The bill is a sign of progress and builds on it, the Wyoming senator stressed, noting that we still need to proceed to full-on market structure legislation in order to fulfill the regulatory framework for digital assets and consumer protection.
Legislation Targets Payment Modernization and Regulatory Clarity
The GENIUS Act encompasses several aspects of digital asset regulation and aims to modernize paymen…
The post Senate Passes GENIUS Act 68-30 to Establish U.S. Leadership in Digital Asset Innovation appeared first on Coin Edition.
Read More
South Korea Explores Won Stablecoin as Bank of Korea Prioritizes Caution