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Senate passes GENIUS stablecoin bill in a win for the crypto industry
In a 68-30 vote on Tuesday evening, the Senate overwhelmingly passed the GENIUS Act with bipartisan support. Eighteen Democrats joined the majority of Republicans in passing the bill, which is the first to establish a federal regulatory framework for stablecoins, crypto tokens that are pegged to the value of the US dollar.
In a significant feat for the cryptocurrency industry, the U.S. Senate passed the GENIUS Act on June 17 with a vote of 68-30, marking the first major digital asset regulation to pass the upper chamber ...
Bloomberg on MSN7h
GENIUS ACT Passes Senate VoteKey stablecoin legislation passed with flying colors in the US Senate. The 68-30 vote on the widely followed GENIUS ACT marks a major win for issuers of the dollar pegged cryptocurrency, aiming to ...
Cryptopolitan on MSN1d
U.S. Senate passes the GENIUS Act on June 17 in a 68–30 voteOn June 17, the U.S. Senate approved the GENIUS Act by a 68-30 vote, marking the first major cryptocurrency bill to pass the ...
And now, Trump is rushing regulation through Congress that many Democrats fear could create his biggest conflict of interest ...
Stocks of crypto trading exchanges also witnessed a rally. The largest crypto exchange in the U.S., Coinbase (Nasdaq: COIN), ...
The GENIUS Act mandates full reserve backing for stablecoins and opens the door for banks and retailers to issue tokens under ...
According to Eleanor Terrett, the GENIUS Stablecoin Act is likely to pass the US Senate on Tuesday, paving the way for a vote ...
The U.S. Senate has advanced the GENIUS Act toward a final vote, bringing comprehensive stablecoin regulation closer to ...
The U.S. Senate has passed the GENIUS Act. The House is under pressure to vote on the legislation before the August recess.
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