Senate Passes Landmark Cryptocurrency Bill Known as the GENIUS Act

The Senate passed the GENIUS Act, a significant cryptocurrency bill, with a 68-30 vote. This bipartisan effort included support from 18 Democrats, while only one Republican opposed it. The bill is poised to make cryptocurrency a key aspect of the Republican agenda, meeting a deadline set by Trump for legislation by August.

In a significant move, the Senate passed its groundbreaking cryptocurrency bill known as the GENIUS Act on Tuesday. After much negotiation and collaboration between both parties, the bill finally made it through, earning a solid 68-30 majority vote. Impressive support from 18 Democrats alongside the Republicans played a crucial role in this achievement, while only one Republican opposed the legislation.

This passage represents a major step for Republican lawmakers who aim to incorporate cryptocurrency into their political agenda. Additionally, it aligns with former President Donald Trump’s wish for Congress to put crypto legislation in place by August. The GENIUS Act’s approval could further strengthen the party’s platform on this emerging financial frontier.

Senator Tim Sheehy passionately touted the bill, suggesting it could lead to historic changes in global economic management. He drew parallels between stablecoin payments and the introduction of paper money in the United States, hinting at a revolutionary shift in how we handle money moving forward.