The legislation to set rules for stablecoin issuers is the first major digital assets bill to ever clear the Senate and now moves on to the U.S. House.

Investing.com-- The U.S. Senate on Tuesday passed a bill outlining a regulatory framework for cryptocurrencies that are directly pegged against the dollar, now setting up the bill

The U.S. Senate may soon pass the GENIUS act, a bill to regulate stablecoins. Here's what that could mean for the future of asset-backed cryptocurrencies.