The US Senate votes to pass the GENIUS stablecoin bill

BlockBeats News: On June 18th, according to Politico, on Tuesday local time, the US Senate passed the landmark cryptocurrency legislation, the GENIUS Act, aimed at promoting the growth of the industry. This is a historic lobbying victory for digital asset companies in the Senate's first vote on comprehensive regulatory reform of cryptocurrencies. The US Senate passed the bill with 68 votes in favor and 30 votes against, with 18 Democrats and a majority of Republicans supporting its submission to the House of Representatives. This bill, led by Republican Senator Bill Hagerty from Tennessee, will establish for the first time a regulatory framework in the United States for stablecoins pegged to the value of the US dollar.