The Senate voted 66-32 Monday evening to advance first-of-its-kind legislation to regulate “stablecoins,” a kind of cryptocurrency. Democrats had initially voted to block the bill earlier this month amid concerns over President Donald Trump’s cryptocurrency deals.

Like many other cryptocurrencies, Bitcoin suffered through a prolonged slump in the months between, falling as low as $75,000 in March. Its price has climbed steadily ever since a

“Stablecoins aren’t a crypto experiment anymore. They’re a better form of money. Faster, simpler, and more transparent than fiat. It’s only a matter of time before they become the default.” The GENIUS Act may be the “first step” toward ...

Justin Sun — who owns $19 million worth of President Trump's meme coin — will attend a dinner with the president, after regulators paused a Biden-era lawsuit against Sun.

Senator Elizabeth Warren slammed the GENIUS Act in a fiery speech on the Senate floor on Monday, citing risks to financial security.

Key Takeaways The GENIUS Act, a bill to regulate stablecoins, passed with a divided vote among Democrats, reflecting concerns about corruption and financial sta

The GENIUS Act advanced in the Senate with a 66-32 vote after 16 Democrats changed their position. The bill had previously failed amid criticism that