Senate Gives Green Light to Landmark Stablecoin Bill: A Crypto Industry Victory?
Senate Gives Green Light to Landmark Stablecoin Bill: A Crypto Industry Victory? In a significant bipartisan victory for the cryptocurrency industry, the Senate passed the GENIUS Act on Tuesday, paving the way for a federal regulatory framework for stablecoins – digital currencies pegged to the US dollar. The 68-30 vote marks a crucial step towards legitimizing the burgeoning digital asset market. The bill allows private companies to issue their own stablecoins, potentially revolutionizing the financial landscape. However, the path to…