TechFlow, June 18 — According to Politico, the U.S. Senate passed the GENIUS Act on Tuesday by a vote of 68 in favor and 30 opposed, marking the first comprehensive regulatory reform bill for cryptocurrency in the United States. Led by Republican Senator Bill Hagerty of Tennessee, the bill establishes a regulatory framework for dollar-linked stablecoins, representing a significant legislative breakthrough for the digital asset industry. Eighteen Democratic senators joined most Republicans in supporting the bill, which now moves to the House of Representatives for further consideration.
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