US Senate passes stablecoin bill in milestone for crypto industry - Reuters
President Trump's administration and his personal crypto business ventures are central to the debate over the newly passed stablecoin legislation.
Mixed
tl;dr
The U.S. Senate passed the bipartisan GENIUS Act (68-30), establishing the first federal regulatory framework for dollar-pegged stablecoins. The bill now heads to the House amid debates over consumer protection and President Trump's personal crypto ventures.
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