GENIUS Stablecoin Bill Gains Momentum in Senate, Boosting Crypto Industry Hopes

The US crypto industry scored a win as the Senate voted 68-30 to advance the GENIUS Act, a pivotal stablecoin regulation bill.

Majority Leader John Thune declared it a move to make America the “crypto capital of the world,” aligning with President Trump’s bullish stance.

Though Senator Elizabeth Warren raised concerns about oversight gaps, the bill’s progress—coupled with the House’s CLARITY Act—signals bipartisan interest in crypto regulation.

For investors, the GENIUS Act could bring long-awaited clarity, while critics warn of unaddressed risks. Either way, Washington’s crypto momentum is undeniable.