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The bill passed without amendments to address Donald Trump\u2019s connections to World Liberty Financial\u2019s stablecoin, which many Democrats had been calling for.<\/p>\n
The Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, is one step closer to becoming law in the US after the US Senate voted to pass an amended version of the bill.<\/p>\n
In a Tuesday vote of 68-30, a majority of the US Senate chose<\/a> to pass the GENIUS Act roughly six weeks after Tennessee Senator Bill Hagerty introduced the legislation. The bill\u2019s companion, the STABLE Act, may be considered in the House of Representatives next, where it could face additional proposals for amendments.<\/p>\n \u201cWith this bill, the United States is one step closer to becoming the global leader in crypto,\u201d said Hagerty from the Senate floor before the Tuesday vote, adding: \u201cOnce the GENIUS Act is law, businesses of all sizes, and Americans across the country will be able to settle payments nearly instantaneously rather than waiting for days or sometimes even weeks.\u201d<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n