The Senate easily passed the landmark cryptocurrency bill Tuesday known as the GENIUS Act, after months of wrangling senators from both parties to build a coalition that could get it across the finish line.
Ultimately, 68-30 senators voted for it, with 18 Democrats voting with Republicans. Only one Republican voted against it. For Republican lawmakers, this vote gets them a step closer to delivering on their promise to make cryptocurrency a cornerstone of their platform — and of meeting Trump’s deadline for Congress to deliver crypto legislation by August.
“The GENIUS Act is going to create a history-altering movement in how we manage the global economy,” Sen. Tim Sheehy, who compared stablecoin payments with the adoption of paper money in America, told NOTUS on Monday.