US Senate passes stablecoin bill in ‘major milestone’ for crypto industry

4 hours ago Business NY Post - Business 1

The Senate on Tuesday passed a bill to create a regulatory framework for US-dollar-pegged cryptocurrency tokens known as stablecoins, in a watershed moment for the digital asset industry. The bill, dubbed the GENIUS Act, received bipartisan support, with several Democrats joining most Republicans to back the proposed federal rules. The House of Representatives, which is controlled by...

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