Key stablecoin legislation passed with flying colors in the US Senate. The 68-30 vote on the widely followed GENIUS ACT marks a major win for issuers of the dollar pegged cryptocurrency, aiming to make it more mainstream. The bill is the first of its kind to pass the senate and would establish a firmer, regulatory environment for stablecoin if it passes the house. Coinbase VP of US Policy Kara Calvert has more on the story.

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