SENATE BEGINS PASSAGE OF STABLECOIN BILL
The Senate cleared a 68-30 cloture vote on the GENIUS Act, virtually guaranteeing final passage of the first US stablecoin bill and ending years of Senate gridlock on crypto policy. The legislation, which aims to strengthen dollar dominance, will let state- or federally-supervised entities issue dollar-backed tokens under a unified framework. Parallel momentum in the House saw the Digital Asset Market Clarity Act pass through both Financial Services and Agriculture Committees, setting up potential coordination or reconciliation between the bills. Together, the advances mark the strongest bipartisan push yet toward comprehensive U.S. crypto regulation.