US EditionSenate advances a major crypto regulation bill on a bipartisan vote
- The Senate advanced the GENIUS Act, a bipartisan bill to regulate stablecoins, with a 66-32 procedural vote on May 19, 2025.
- The bill initially faced opposition from Democrats due to concerns over President Trump's crypto ventures, but recent amendments gained enough support.
- The legislation sets a federal framework for stablecoins, prohibiting large tech firms from issuing them and adding ethics rules to limit officials' involvement.
- Senator Warren criticized the bill as weak and potentially accelerating Trump’s corruption, while supporters highlight its role in consumer protection and U.S. Dollar dominance.
- Passing the GENIUS Act could strengthen stablecoin regulation amid a $250 billion market, but the final vote timing depends on amendment negotiations.
125 Articles
125 Articles
Nebraska enacts law to regulate energy use by cryptocurrency mining operations
Nebraska Governor Jim Pillen has signed new legislation aimed at regulating the energy demands of cryptocurrency mining operations. The bill, LB526, was signed into law Tuesday and was introduced on the governor’s behalf by State Senator Mike Jacobson. It establishes a series of requirements to ensure crypto mining businesses are transparent about their energy use and financially responsible for any impact on the state’s electrical infrastructur…
Senate Advances Cryptocurrency Legislation
WASHINGTON—The Senate on May 19 voted to advance a bill that would establish regulations for the cryptocurrency industry, several days after an initial vote failed because of Democratic opposition. The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act is a bill that seeks to impose regulations on “stablecoins,” which are digital tokens whose value is pegged to another secure asset (e.g., U.S. Treasury bonds and other…
8 Ways Cryptocurrency Adoption Affects Arizona Businesses of All Sizes
Arizona's openness to blockchain innovation and digital currency has greatly affected companies all around since it has become one of the most crypto-friendly states in the U.S. The use of Bitcoin has brought new possibilities from tiny businesses to big…
Stablecoin bill advances in U.S. Senate as Trump critics call to end his crypto dealings
The crypto industry is celebrating this week as a controversial stablecoin bill dubbed the GENIUS Act advanced to debate in front of the full U.S. Senate.Earlier this month, an Abu Dhabi investment firm announced that it would be making a $2 billion investment in the cryptocurrency exchange Binance using a brand new stablecoin called USD1.Unlike risky cryptocurrencies with prices that fluctuate wildly and constantly, stablecoins are basically cr…
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