The U.S. Senate approved the GENIUS Act bill to regulate stablecoins, advancing steps towards the creation of federal standards for consumer protection and innovation in the cryptocurrency space

The U.S. Senate Committee approved a bill regulating stablecoins, taking an important step towards its implementation at the federal level. The bill, known as the GENIUS Act, passed with a vote of 18-6 and is now awaiting approval in the Senate and the House of Representatives. Its goal is to create clear rules for consumer protection, support competition, and foster innovation in the cryptocurrency space. Despite criticism from some Democrats, the bill continues to move forward, marking an important step in the regulation of cryptocurrencies in the U.S.