Senate Begins Passage of Stablecoin Bill as House Marks Market-Structure Wins

The U.S. Congress is in the thick of its crypto efforts this week, with the Senate starting on final votes to approve its first-ever crypto bill. The U.S. Senate has easily passed its first significant vote 68-30 toward final approval of the GENIUS Act to regulate U.S. stablecoin issuers. The vote makes final passage of the bill a near certainty, marking the first major crypto bill to pass in the U.S. Senate, which had been the bottleneck for crypto efforts in past years. The House of Representatives has also made significant strides in advancing a crypto market structure bill, with...