The U.S. Senate has passed the GENIUS Act, establishing a clear federal regulatory framework for dollar-backed cryptocurrencies (i.e., stablecoins). Next, the bill will move to the House of Representatives and President Trump for approval. If enacted, it will officially take effect. Today (June 17, local time), the U.S. reached a historic milestone—the Senate passed the GENIUS Act, which will create a structured federal oversight system for stablecoins. The bill now advances to the House and,...

The U.S. Senate has passed the GENIUS Act, establishing a clear federal regulatory framework for dollar-backed cryptocurrencies (i.e., stablecoins). Next, the bill will move to the House of Representatives and President Trump for approval. If enacted, it will officially take effect. Today (June 17, local time), the U.S. reached a historic milestone—the Senate passed the GENIUS Act, which will create a structured federal oversight system for stablecoins. The bill now advances to the House and,...