The U.S. Senate votes to pass the GENIUS stablecoin bill, which is still to be reviewed by the House of Representatives

According to Foresight News, according to Politico, on Tuesday local time, the U.S. Senate passed the landmark cryptocurrency legislation "GENIUS Act" to promote the growth of the industry. This is the historic lobbying victory for digital assets companies in the Senate’s first vote on comprehensive regulatory reform of cryptocurrencies. The U.S. Senate passed the bill with 68 votes in favor and 30 votes against, with 18 Democrats and a majority of Republicans supporting it to the House for consideration.

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