U.S. Senate Approves GENIUS Act to Regulate Stablecoins, Marking Major Step for Crypto Framework

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2025-05-20 04:20:01

The U.S. Senate has passed the "Guiding and Establishing National Innovation for U.S. Stablecoins of 2025" (GENIUS Act), establishing the first comprehensive federal framework for stablecoin regulation. This legislation represents a significant milestone in the mainstream adoption of digital assets.

The approval follows a week of political maneuvering after Democrats initially blocked a procedural vote. Bipartisan negotiations led to revisions that brought key Democrats, including Senators Ruben Gallego, Mark Warner, and Kirsten Gillibrand, back to supporting the measure.

The GENIUS Act provides much-needed regulatory clarity for stablecoins, which serve as critical infrastructure for cryptocurrency markets. Its passage signals growing institutional recognition of digital assets’ role in modern finance.

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US Senate Advances GENIUS Act, Marking Major Step Toward Stablecoin Regulation

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