WATCH: Senate passes crypto bill ‘GENIUS Act’ without addressing Trump’s investments
WASHINGTON (AP) — The Senate passed legislation Tuesday that would regulate a form of cryptocurrency known as stablecoins, the first of what the industry hopes will be a wave of bills to bolster its legitimacy and reassure consumers.
The Senate is expected to convene at 11:30 a.m. EDT. Watch live in our video player above.
The fast-moving legislation, which passed by a 68-30 vote and will be sent to the House for potential revisions, comes on the heels of a 2024 campaign cycle in which the crypto industry ranked among the top political spenders in the country, underscoring its growing influence in Washington and beyond.
READ MORE: Once a crypto skeptic, Trump is now a big fan of the industry
Eighteen Democratic…
