Stablecoin Regulation Takes Step Forward as GENIUS Act Clears Senate Hurdle
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The GENIUS Act, a landmark stablecoin bill, cleared a critical Senate vote (68-30), setting the stage for full debate and a potential House review.
The legislation seeks to provide a federal framework for stablecoins, a sector currently governed by patchwork state rules.
Majority Leader John Thune emphasized the bill’s role in cementing U.S. crypto leadership, while critics like Senator Elizabeth Warren warned of unresolved risks. The debate unfolds alongside House progress on the CLARITY Act, a broader market structure bill.
Analysts say the GENIUS Act’s advancement signals growing political will to regulate digital assets, though partisan divides remain—particularly over Trump’s crypto ventures.
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