The Regulatory Picture Is Finally Taking Shape On May 13, 2025, the U.S. Senate passed the long-awaited GENIUS Act — a stablecoin framework bill years in the making. The legislation paves the way for federally regulated stablecoins backed 1:1 by real assets,

The Senate has voted to move forward with legislation to regulate a form of cryptocurrency called stablecoins, two weeks after Democrats blocked the measure

The Senate voted 66-32 Monday evening to advance first-of-its-kind legislation to regulate “stablecoins,” a kind of cryptocurrency. Democrats had initially voted to block the bill earlier this month amid concerns over President Donald Trump’s cryptocurrency deals.