Stablecoins Get U.S. Backing as Senate Approves GENIUS Act

In a major step for the crypto world, the U.S. Senate on Tuesday passed the GENIUS Act: a bipartisan bill that lays out clear rules for stablecoins. 

The 68-30 vote marks the Senate’s first big approval of any crypto-related law, showing how Washington’s attitude toward the industry is starting to shift.

The legislation, formally called the Guiding and Establishing National Innovation for U.S. Stablecoins GENIUS Act, is seen as a breakthrough moment for digital assets,  especially stablecoins, digital tokens tied to the U.S. dollar. 

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