US EditionSenate Passes Stablecoin Bill in Big Win for Crypto Industry
- The Senate passed the GENIUS Act regulating cryptocurrency with a 68-30 vote on June 17, 2025, in Washington, D.C.
- The bill followed months of negotiation and bipartisan compromise, including key changes by Democrat Ruben Gallego to address consumer protections and limits on stablecoins.
- The legislation creates the first regulatory framework for stablecoin issuers, requires reserve and transparency standards, and prohibits Congress members from issuing payment stablecoins during public service.
- Senator Bill Hagerty called the vote an “inflection point for innovation,” while Senator Elizabeth Warren criticized it for enabling corruption and benefiting Trump’s crypto ventures.
- The bill now moves to the Republican-led House, which is working on parallel legislation, and could reach President Trump's desk for signature, advancing U.S. crypto policy.
54 Articles
54 Articles
Another Dumbest Day In History: Senate Approves Cryptocurrency Bill
I still remember in the waning days of the Bill Clinton presidency standing in line at a store and reading a newspaper (this was before the internet) how Clinton had signed a law repealing the Glass Steagull Act — a 1933 law enacted in response to the...
US Senate passes stablecoin bill in ‘major milestone’ for crypto industry
The Senate on Tuesday passed a bill to create a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins, in a watershed moment for the digital asset industry.
Exclusive – Sen. Tim Scott: Senate-Passed Stablecoin Bill Working to Fulfill Trump's Mission to Make America 'Cryptocurrency Capital' of the World
Senate Banking Committee Chairman Tim Scott (R-SC) told Breitbart News in an interview that the passage of a stablecoin bill helps to fulfill President Donald Trump's mission to make America the "cryptocurrency capital of the world." The post Exclusive – Sen. Tim Scott: Senate-Passed Stablecoin Bill Working to Fulfill Trump’s Mission to Make America ‘Cryptocurrency Capital’ of the World appeared first on Breitbart.
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