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The American Senate adopted the historic bill of Stablecoin Genius, marking a major step for cryptographic regulations.
The bill, officially known under the name of guidance and establishment of national innovation for the American stables of the 2025 law (engineering), adopted 68-30 after a wave of democrats joined the Republicans to support it. He now goes to the house, where the Republicans have a thin majority.
If it is approved, the bill will go to the office of President Donald Trump. Trump Sacks’ Tsar Crypto said in May May Trump probably sign it.
“With this bill, the United States is close to becoming the world leader in the crypto,” said the Republican senator from Tennessee Bill Hagerty, who presented the bill about six weeks ago.
The Republicans could push the bill on the stables by the house
THE Genius is the first major bill linked to the crypto to erase the Senate. However, the Chamber has its own law on the clarity of the digital asset market, which is a more sweetening crypto invoice which would provide a framework for the wider cryptography market, not only the stablecoins.
After having crossed the Senate, the law on engineering is slightly ahead of the legislative process that the Clarity Act, which is currently awaiting action on the ground after being authorized by the committees of the Chamber concerned.
Although it is still uncertain if the genius law will also adopt the Chamber, the Republicans have a slight majority on the Democrats. If he passes the house, he will then go to the office of President Donald Trump for final approval.
Senator Elizabeth Warren warns Genius Act has gaps
Even if there was a peak in the number of democrats who supported the law on engineering, the most vocal members of the party were not convinced.
Among them, Elizabeth Warren, crypto-skeptical, argued that the bill authorizes gaps for foreign tokens, does not deal with concerns about Trump’s cryptographic links and erases a means for technology giants like Amazon to issue their own parts.
If the Congress does not repair the law on engineering, billionaires like Elon Musk and Jeff Bezos could launch stablecoins that follow your purchases, operate your data and eliminate competitors.
These billionaires will come to be bailout of taxpayers when it inevitably explodes. pic.twitter.com/vikxvhdcsd
– Elizabeth Warren (@senwarren) June 16, 2025
Despite his concerns, the Democratic supporters of the bill said that nothing was an option.
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