Senate Says YES to GENIUS Act—Stablecoin Law One Step Closer
The GENIUS Act just sailed through the Senate in a 68-30 vote, setting the stage for major crypto reforms!
The GENIUS Act just sailed through the Senate in a 68-30 vote, setting the stage for major crypto reforms!
The US Senate has locked in June 17 for its final vote on the GENIUS Act, a landmark bill that could redefine stablecoin regulation.
XRP Ledger (XRPL) holders can now transact in Circle’s USDC, thanks to Thursday’s integration.
Majority Leader John Thune declared it a move to make America the “crypto capital of the world,” aligning with President Trump’s bullish stance.
Treasury Secretary Scott Bessent positioned dollar-backed stablecoins as America’s answer to central bank digital currencies Wednesday, predicting a $2 trillion+ market by 2028 under the GENIUS Act framework.
France’s Societe Generale is set to launch “USD CoinVertible”, a dollar-pegged stablecoin deployed on Ethereum and Solana blockchains
Corporate interest in stablecoins has tripled since 2024, per a Coinbase report.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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