Senate passes landmark crypto regulation bill on a bipartisan vote, sending it to the House
WASHINGTON — After weeks of stops and starts, Senate Republicans teamed up with a bloc of Democrats Tuesday to pass a landmark cryptocurrency bill that would establish the first regulatory framework for issuers of stablecoins.
The vote on the GENIUS Act was 68-30, with 18 Democrats joining most Republicans in favor. Just two Republicans — Sens. Rand Paul of Kentucky and Josh Hawley of Missouri — voted against it.
The vote marked the first time that the Senate has passed major legislation regulating digital assets.
“With this bill, the United States is one step closer to becoming the global leader in crypto,” Sen. Bill Hagerty, R-Tenn., the author of the GENIUS Act, said in a floor speech. “This bill will cement U.S. dollar dominance,…
