June 17 (Reuters) — The U.S. Senate passed a bill on Tuesday to establish a regulatory framework for cryptocurrency tokens pegged to the dollar (i.e., stablecoins), marking a watershed moment for the digital asset industry.
The bill known as the "GENIUS Act" has received bipartisan support, with several Democrats joining most Republicans in backing the proposed federal rules. The bill passed with a vote of 68 in favor and 30 against. The Republican-controlled House needs to pass its version of the bill before it can be submitted to President Donald Trump for approval.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
June 17 (Reuters) — The U.S. Senate passed a bill on Tuesday to establish a regulatory framework for cryptocurrency tokens pegged to the dollar (i.e., stablecoins), marking a watershed moment for the digital asset industry.
The bill known as the "GENIUS Act" has received bipartisan support, with several Democrats joining most Republicans in backing the proposed federal rules. The bill passed with a vote of 68 in favor and 30 against. The Republican-controlled House needs to pass its version of the bill before it can be submitted to President Donald Trump for approval.