U.S. Senate Passes the “GENIUS Act” Stablecoin Bill in a 68–30 Bipartisan Vote
- Senate passes GENIUS Act 68–30, advancing stablecoin regulation to the House vote.
- GENIUS mandates full backing, audits, and restricts non-financial firms from issuing stablecoins.
- Political tensions persist, but lawmakers aim for stablecoin legislation before August.
The U.S. Senate has passed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act with a strong, bipartisan 68–30 vote. The landmark legislation creates the first comprehensive federal framework for regulating stablecoins. The bill now moves to the House of Representatives for a final, decisive vote expected in the coming weeks.
— Taylor Barr (@taylorjbarr) June 17, 2025
GENIUS Act just PASSED the Senate 68-30
Today’s bipartisan win would be impossible without the unwavering commitment to American innovation from @SenatorHagerty, @gillibrandny, @SenLummis, @Sen_Alsobrooks, @SenatorTimScott, and @LeaderJohnThune@DigitalChamber and our +200… pic.twitter.com/Ow01WOGDGj
This represents a major victory for the crypto industry, which has long advocated for clear federal rules to facilitate broader institutional adoption.
A Look Inside the “GENIUS Act” and Its Ke…
The post U.S. Senate Passes the “GENIUS Act” Stablecoin Bill in a 68–30 Bipartisan Vote appeared first on Coin Edition.
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U.S. Senate Passes the “GENIUS Act” Stablecoin Bill in a 68–30 Bipartisan Vote
- Senate passes GENIUS Act 68–30, advancing stablecoin regulation to the House vote.
- GENIUS mandates full backing, audits, and restricts non-financial firms from issuing stablecoins.
- Political tensions persist, but lawmakers aim for stablecoin legislation before August.
The U.S. Senate has passed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act with a strong, bipartisan 68–30 vote. The landmark legislation creates the first comprehensive federal framework for regulating stablecoins. The bill now moves to the House of Representatives for a final, decisive vote expected in the coming weeks.
— Taylor Barr (@taylorjbarr) June 17, 2025
Today’s bipartisan win would be impossible without the unwavering commitment to American innovation from @SenatorHagerty, @gillibrandny, @SenLummis, @Sen_Alsobrooks, @SenatorTimScott, and @LeaderJohnThune@DigitalChamber and our +200… pic.twitter.com/Ow01WOGDGj
This represents a major victory for the crypto industry, which has long advocated for clear federal rules to facilitate broader institutional adoption.
A Look Inside the “GENIUS Act” and Its Ke…
The post U.S. Senate Passes the “GENIUS Act” Stablecoin Bill in a 68–30 Bipartisan Vote appeared first on Coin Edition.
Read More
China’s Central Bank Governor Says Blockchain Speeds Up Stablecoin, Payment Innovation