The U.S. Senate advances the GENIUS Act, bringing stablecoin legislation closer to making it the "world Crypto Assets capital."

The U.S. Senate voted 68-30 to move forward with the National Innovation Act for Guiding and Building U.S. Stablecoins (GENIUS Act), which has been introduced for more than a month. Senate Majority Leader John Thune, speaking on the Senate floor, urged members of Congress to support the bill, echoing many of President Donald Trump’s views on digital assets, such as that the bill will help the United States become the “cryptocurrency capital of the world.” A majority of senators, including several Democrats, voted in favor of the bill, ready for debate and a unanimous vote, after which it could be sent to the House of Representatives for further consideration.