Digital Asset Market: While Bulls pushed BTC to near $106K and ETH surges 8%, the US Senate has voted 66-32 to advance the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), a key bill to regulate stablecoins, following earlier Democratic opposition due to concerns about President Donald Trump’s extensive involvement in the cryptocurrency sector and the bill’s anti-money laundering provisions.
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GENIUS Act Clears Senate Hurdle as the US…
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Digital Asset Market: While Bulls pushed BTC to near $106K and ETH surges 8%, the US Senate has voted 66-32 to advance the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), a key bill to regulate stablecoins, following earlier Democratic opposition due to concerns about President Donald Trump’s extensive involvement in the cryptocurrency sector and the bill’s anti-money laundering provisions.