The approval of a landmark stablecoin bill by the U.S. Senate has sent crypto stocks skyrocketing, paving the way for broader adoption and regulatory clarity in the crypto sector. Major players like Circle are set to benefit significantly.
In a historic 68-30 vote, the Senate passed the GENIUS Act, establishing a federal framework for stablecoins. With bipartisan support, this legislation marks a pivotal moment for the crypto industry amidst intense political dynamics.
In a surprising move, Senate Democrats have blocked a crucial bill to regulate stablecoins, citing concerns over its implications for Donald Trump's financial interests. This decision raises questions about the future of cryptocurrency regulation in the U.S. and the influence of politics on the burgeoning industry.
