The stablecoin bill passed a key procedural vote, finally, but it was a heavy lift engineered in the 11th hour Monday night by the bill’s sponsor, Tennessee GOP Sen. Bill Hagerty. He had to remind crypto-friendly Democrats what was at stake – and to ignore the politicization of the legislation by the crypto-hating Massachusetts Sen.

The Senate voted 66–22 to advance the GENIUS Act, showing strong support from both Democrats and Republicans and signaling that the U.S. government is finally ready to take crypto regulation seriously. The Act still raises concerns about whether it goes too far or not far enough in protecting consumers and whether it will hurt innovation.

The Regulatory Picture Is Finally Taking Shape On May 13, 2025, the U.S. Senate passed the long-awaited GENIUS Act — a stablecoin framework bill years in the making. The legislation paves the way for federally regulated stablecoins backed 1:1 by real assets,

The U.S. Senate is moving ahead with regulating the new stablecoin industry with the progress of the GENIUS Act.

Bitcoin and other cryptocurrencies kept their momentum after a two-day stint during which the world's largest crypto hit fresh highs.

Bitcoin hit a new all-time high above $109K as the U.S. Senate advanced the Genius Act, setting the stage for major crypto regulation.

The U.S. Senate has passed the GENIUS Act, making regulated stablecoins a policy priority and hinting at fresh institutional crypto inflows.

A Republican senator insisted that efforts to make the U.S. the "crypto capital of the world" have positive implications for all Americans.