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Sen. Cynthia Lummis said she is ‘excited about the momentum’ in Washington over cryptocurrency.
A gold plated souvenir cryptocurrency Tether (USDT) coin arranged beside a screen displaying U.S. dollar notes in an illustration picture taken in London on May 8, 2022. Justin Tallis/AFP via Getty Images
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The Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act, commonly known as the Genius Act, on June 17, marking a significant step in cryptocurrency regulation.
In a rare glimpse of bipartisan support in the upper chamber, senators voted 68 to 30 in favor of the bill.
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