Senate Advances Crypto Regulation Bill
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strong stablecoin billABC News
•Business
Business & Economics
What to know about the GENIUS Act, a crypto regulation bill

70% Informative
The Senate voted 66 -22 late Monday to advance the GENIUS Act , a bill that aims to regulate some cryptocurrencies.
The bill concerns the issuance and exchange of stablecoins, a form of digital currency backed by another form of currency like the U.S. dollar or a commodity like gold.
Critics say the bill fails to address conflict-of-interest concerns exemplified by Trump 's dealings in stablecoins.
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