Senate Passes Crypto Bill ‘Genius Act’ in Bipartisan Vote
Sen. Cynthia Lummis said she is ‘excited about the momentum’ in Washington over cryptocurrency.
A gold-plated souvenir cryptocurrency Tether (USDT) coin beside a screen displaying U.S. dollar notes in an illustration picture taken in London on May 8, 2022. Justin Tallis/AFP via Getty Images
The Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act, commonly known as the Genius Act, on June 17, a significant step in cryptocurrency regulation.
In a rare glimpse of bipartisan support in the upper chamber, senators voted 68–30 in favor of the bill.
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
