Senate Advances Landmark Crypto Bill | LiveNOW from FOX

The U.S. Senate has taken a significant step toward regulating the cryptocurrency market by advancing the GENIUS Act, a bipartisan bill focused on stablecoins. With a 66–32 procedural vote, the legislation aims to establish a federal framework ensuring that stablecoins are fully backed by liquid assets and subject to anti-money laundering laws.
While the bill has garnered support across party lines, some Democrats express concerns over potential conflicts of interest, citing President Trump's family's involvement in crypto ventures. Despite these concerns, the bill's progression marks a pivotal moment in integrating digital assets into the U.S. financial system.