The U.S. Senate has passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act (S. 394) by a vote of 68-30, establishing the first comprehensive federal framework for fiat-backed stablecoins. The bipartisan legislation was introduced by Senator Bill Hagerty and co-sponsored by Senators Tim Scott, Kirsten Gillibrand, and Cynthia Lummis. It passed under … Continue reading U.S. Senate Passes Stablecoin Bill The GENIUS Act