Senate, stablecoin
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The Stablecoin bill, also known as GENIUS Act, is one step closer to becoming law, after the US Senate voted in favor of amending the bill.
The vote on the GENIUS Act, which would set up a regulatory framework for stablecoins, came two weeks after Senate Democrats blocked the measure.
The Senate took a key procedural vote Monday evening on a first-of-its-kind crypto regulation bill after Democrats tanked it earlier this month.
A battle has erupted within the Senate Democratic Conference over a bipartisan bill that would pave the way for broader commercial acceptance of cryptocurrency assets known as stablecoins, which
Sen. Warren, the ranking member of the Banking Committee, is on the opposing side of the so-called GENIUS Act.
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