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Senate passes GENIUS stablecoin bill, regulatory framework for crypto gets closer

Image of Bill Hagerty, (R-TN(, a sponsor of the GENIUS Act.
Photo: Kevin Dietsch/Getty Images

Julie DiMauro

3 min read
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The Act opens the door to banks, fintechs, and retailers issuing proprietary tokens.

The US Senate has passed an amended version of the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act in a Tuesday vote of 68-30.

The vast majority of the US Senate chose to pass it only about six weeks after Senator Bill Hagerty (R-TN)

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