A companion bill in the House still needs to be approved for the legislation to advance The US Senate passed the GENIUS Act, a crucial step towards creating a federal regulatory framework for stablecoins. Legislators approved an amended bill yesterday in a 68-30 vote, formally referred to as the Guiding and Establishing National Innovation for
The bill’s advancement suggests growing momentum for federal regulation of stablecoins The US Senate has voted to advance the Guiding and Establishing National Innovation for US Stablecoins Act, known as the GENIUS Act, by a 68-30 margin. The decision moves the bill closer to a full floor debate and vote, potentially setting the stage for
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