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Senate Passes Stablecoin Bill as Crypto Eyes a Bigger Prize
- The U.S. Senate passed the GENIUS Act on June 17, 2025, creating a federal regulatory framework for stablecoins, now heading to the House for review.
- This legislation responds to long-standing demands for clear crypto asset definitions, which have kept financial institutions cautious about crypto involvement.
- The GENIUS Act proposes a unified regulatory framework for stablecoins to encourage innovation, while the CLARITY Act seeks to establish clear classifications for crypto assets to facilitate greater institutional participation, with both bills expected to advance in July.
- David Sacks, the White House crypto czar, emphasized that the CLARITY Act will establish well-defined legal parameters, and he attributes the surge in bipartisan support to President Trump’s endorsement.
- If finalized, these laws could spur trillions in crypto investments, boost U.S. dollar dominance, and signal a major turning point for America’s digital asset landscape.
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Senate Passes Stablecoin Bill as Crypto Eyes a Bigger Prize
·New York, United States
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The Senate Just Passed the GENIUS Act—CBDCs in Sheep's Clothing » Sons of Liberty Media
While the state weaponizes compliance, we must weaponize freedom On June 18th, while the country was distracted with headlines about Trump and Iran, the U.S. Senate quietly advanced the GENIUS Act—a bill designed to “legitimize” stablecoins, but in reality, it paves the way for a permissioned, surveilled, and tightly controlled digital currency regime. We predicted …
What are stablecoins and how does the GENIUS Act regulate them?
Last week, in a bipartisan vote, the Senate passed the GENIUS Act, creating a regulatory framework for stablecoins. Dante Disparte, chief strategy officer at the financial technology company Circle, joins "The Takeout" to explain how stablecoins work and what the Senate's legislation means for the cryptocurrency.
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Total News Sources17
Leaning Left3Leaning Right1Center1Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 20%
R 20%
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