The Senate advanced a first-of-its-kind cryptocurrency bill on Monday as a bloc of industry-friendly Democrats, satisfied with last-minute tweaks to the legislation, handed Republicans their votes.

It could take days for the Senate to pass the GENIUS Act, which would set rules of the road for stablecoins, a digital asset with a value tied to the U.S. dollar, but Monday’s vote, a procedural step needed to begin debate on the legislation, represents a major victory for the cryptocurrency industry. Almost two weeks ago, the same vote failed as Democrats made a surprise set of late demands.

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