Senate passes landmark cryptocurrency bill with Democratic help

Published June 17, 2025 5:47pm ET



The Senate passed a first-of-its-kind cryptocurrency bill Tuesday as a bloc of industry-friendly Democrats bucked their party to overcome weeks of legislative gridlock.

The GENIUS Act, which creates a regulatory framework for stablecoins, a digital asset pegged to the dollar, earned the support of 18 Democrats and nearly all Republicans in a 68-30 vote that brings cryptocurrency one step closer to the financial system’s mainstream.

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