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Senate advances first-of-its-kind cryptocurrency legislation after Democrats initially blocked it amid Trump crypto deals
The Senate voted 66-32 Monday evening to advance first-of-its-kind legislation to regulate “stablecoins,” a kind of ...
What’s next for the Senate stablecoin bill?
Stablecoin legislation advanced on the Senate floor Monday in an early win for the crypto industry, but the bill is expected to face a lengthy amendment process that will likely push a final vote ...
JD Supra1d
Senate Advances GENIUS Act, CFTC Leadership Shifts and SEC Updates Custody Guidance
Several legislative and regulatory developments in the crypto space occurred this week. The U.S. Senate took a significant step forward on ...
How GENIUS ACT squeaked through – despite Trump’s impotent ‘crypto council’
The stablecoin bill passed a key procedural vote, finally, but it was a heavy lift engineered in the 11th hour Monday night ...
Cryptopolitan on MSN2d
Is the GENIUS Act protecting consumers at the expense of innovation?
The Senate voted 66–22 to advance the GENIUS Act, showing strong support from both Democrats and Republicans and signaling ...
CCN on MSN5d
GENIUS Act Returns to Senate Floor but Donald Trump’s USD1 Complicates Path to Stablecoin Regulation
The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act failed to pass a key Senate vote on May 8. The bill will return ...
A landmark crypto bill just advanced in Congress. Here's what it aims to do.
The Genius Act broke through opposition from Democrats in the Senate on Monday evening, moving the key piece of stablecoin ...