Stablecoin legislation

The Senate voted in favor of advancing the GENIUS Act, also known as the stablecoin bill, Monday night, overcoming a key procedural hurdle and paving the way for the bill’s final passage. What Happened: The Senate managed to exceed the three-fifths majority, or the 60-vote threshold, required...

Editor's Note: A typographical error in the headline of this story has been corrected. A faction of Senate Democrats, known for their pro-cryptocurrency stance, expressed its opposition to a Republican-led stablecoin legislation on Saturday, citing concerns about the modified version. What Happened...