22-5-2025 – In a stride for cryptocurrency regulation, the “GENIUS Act,” a legislative proposal focused on stablecoins, has cleared a crucial hurdle, as reported by crypto journalist Eleanor Terrett.
The bill secured a robust endorsement in its debate phase, garnering 69 votes in support against 31 in opposition, propelling it into the revision stage. This development marks a pivotal moment for the framework governing digital currencies, reflecting a balanced yet progressive step toward shaping the future of stablecoin integration in financial systems.
Agreed to in a 69-31 vote.
Now on to the amendment process… https://t.co/qzO9XX8a3P
— Eleanor Terrett (@EleanorTerrett) May 21, 2025
