U.S. Senate Passes GENIUS Stablecoin Bill in Bipartisan Vote, House Deliberation Next

The U.S. Senate approved the GENIUS stablecoin bill with a decisive 68-30 vote, marking the first major digital asset legislation to clear the chamber this Congress. The bipartisan measure now advances to the House of Representatives for final deliberation before potential presidential approval.

Senator Bill Hagerty''s Guidance and Establishing Innovation for US Stablecoins Act gained momentum following a procedural cloture vote last week. "With GENIUS, the United States is one step closer to becoming the crypto capital of the world," Hagerty declared after the landmark vote.

The legislation''s progression comes amid growing institutional interest in stablecoin frameworks. Market observers note the bill could establish critical regulatory clarity for dollar-pegged digital assets, potentially benefiting the broader cryptocurrency ecosystem.