Crypto, J. D. Vance and White House
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The GENIUS Act 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.
Experts said the bill's passage could be a "watershed," allowing crypto to gain a stronger foothold in mainstream financial markets.
Still, the bill is considered a major win for the crypto industry. The industry-backed bill would help protect consumers and set industry standards that could allow stablecoins to become mainstream for digital payments and other financial instruments,
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Cryptopolitan on MSNHow U.S. Fiscal Policy and the GENIUS Act Are Quietly Reshaping Bitcoin’s Trajectory in 2025The trajectory of Bitcoin in 2025 is being shaped by more than price action and halving cycles. Under the surface, U.S. fiscal policy decisions and the advancement of the GENIUS Act are redefining how institutional capital,
The U.S. Senate’s proposal to regulate stablecoins, known as the GENIUS Act, has successfully cleared a significant procedural hurdle, moving
US Representative Bryan Steil wants lawmakers to stop adding “non-germane items” into two key crypto bills, claiming that doing so is slowing the implementation of a regulatory framework for the industry.
The stablecoin bill passed a key procedural vote, finally, but it was a heavy lift engineered in the 11th hour Monday night by the bill’s sponsor, Tennessee GOP Sen. Bill Hagerty. He had to remind crypto-friendly Democrats what was at stake – and to ignore the politicization of the legislation by the crypto-hating Massachusetts Sen.
The U.S. Senate has passed the GENIUS Act, making regulated stablecoins a policy priority and hinting at fresh institutional crypto inflows.
Bitcoin's surge is fueled by its status as a safe haven asset amid current geopolitical instability as well as bipartisan support for crypto legislation.