Still, the bill is considered a major win for the crypto industry. The industry-backed bill would help protect consumers and set industry standards that could allow stablecoins to become mainstream for digital payments and other financial instruments, advocates say.

The GENIUS Act may pass the US Senate by May 26, setting regulatory clarity for stablecoins and accelerating institutional adoption of digital dollars.

Stablecoin legislation advanced on the Senate floor Monday in an early win for the crypto industry, but the bill is expected to face a lengthy amendment process that will likely push a final vote

Federal lawmakers from New York and Connecticut want to regulate the cryptocurrency stablecoin. They have different ideas about how to do so.

The GENIUS Act advanced in the Senate with a 66-32 vote after 16 Democrats changed their position. The bill had previously failed amid criticism that

A battle has erupted within the Senate Democratic Conference over a bipartisan bill that would pave the way for broader commercial acceptance of cryptocurrency assets known as stablecoins, which

The GENIUS Act passed a cloture vote Monday less than two weeks after failing one. The stablecoin bill now heads to a full floor vote.

The Cardano founder framed the announcement as part of a bigger shift happening in U.S. policy circles. "I’ve never seen a more pro-crypto composition with respect to the U.S. government," he told CNBC. "We finally have people to talk to."

Sen. Roger Marshall (R-KS) is gauging support for a bill that reins in credit card swipe fees, though he has not requested a vote as part of a major piece of banking legislation.

Hong Kong passes a stablecoin bill requiring issuers to obtain licenses from Hong Kong Monetary Authority, marking a major step in crypto regulation.

The vote came just 11 days after Senate Democrats, in a rare outbreak of vertebrate-adjacent conduct, voted down a similar bill, citing its failure to rein in the sort of brazen corruption exemplified by Trump’s crypto banquet.