In a significant development for the digital asset industry, the US Senate on Tuesday passed a bill aimed at creating a comprehensive regulatory framework for US dollar-pegged cryptocurrency tokens, commonly known as stablecoins.

The GENIUS Act is a proposed bill that regulates one type of cryptocurrency called stablecoins, a $200 billion part of the multi-trillion-dollar cryptocurrency system. The bill’s name stands for Guiding and Establishing National Innovation for U.

The U.S. is moving closer to passing the GENIUS Act and CLARITY Act—two landmark crypto bills. The GENIUS Act aims to regulate payment stablecoins with

Every action is powered by ether," Etherealize's founder, Vivek Raman, argues as institutional adoption of Ethereum accelerates amid the stablecoin boom.

Senator Warren warned the GENIUS Act could let tech billionaires create stablecoins that track people’s spending.

US could be the epicenter for stablecoins with the proposed GENIUS Act, making them a mainstream financial rail for the internet, says Bernstein.

On the Senate floor today, Senator Jack Reed discussed the Tether, a stablecoin used for various criminal and illicit activity. According to Sen. Reed, Tether will be the 'biggest beneficiary' of the GOP's crypto regulation bill,