Senate Passes GENIUS Stablecoin Act, Sends Bill to House for Consideration
Bitcoin.comTuesday, June 17, 2025 at 10:46:53 PM
The U.S. Senate just approved the GENIUS Stablecoin Act, a bill aimed at regulating stablecoins—cryptocurrencies pegged to assets like the dollar. The legislation now heads to the House, where it’ll face further debate. Supporters say it brings much-needed clarity to the crypto market, while critics worry it could stifle innovation. Either way, it’s a big step toward formal oversight of a rapidly growing financial tool.
Editor’s Note: Stablecoins are a huge part of the crypto ecosystem, acting as a bridge between traditional finance and digital assets. If this bill becomes law, it could shape how stablecoins operate in the U.S.—potentially making them safer but also more tightly controlled. For everyday investors and crypto businesses, this could mean fewer surprises, but also fewer wild-west opportunities. It’s a balancing act between protection and freedom, and the House’s next move will be crucial.
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