GENIUS Act Advances! U.S. Senate Passes Bill with Overwhelming 68-30 Vote-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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GENIUS Act Advances! U.S. Senate Passes Bill with Overwhelming 68-30 Vote

TradingKey2025-06-12

TradingKey – The U.S. Senate has overwhelmingly passed the GENIUS Act, a landmark stablecoin regulation bill, with a 68-30 vote. The next step is a vote in the House of Representatives.

According to Cointelegraph, the Senate approved the GENIUS Act on June 11, marking a significant milestone in U.S. crypto legislation. Officials view the bill as critical for the country’s financial future.

Senate Majority Leader John Thune stated,“This bill will help position the U.S. as the global hub for cryptocurrency.”

Similarly, Senator Bill Hagerty emphasized, “The GENIUS Act will strengthen demand for U.S. Treasury bonds and reinforce the dollar’s status as the world’s reserve currency.”

Treasury Secretary Besant has repeatedly highlighted the role of stablecoins in preserving the dollar’s dominance, stating,“Stablecoin demand for U.S. Treasuries is estimated at $2 trillion and could exceed that level.”

Despite Senate approval, the GENIUS Act is not yet law. It must pass the House of Representatives before being sent to President Trump for final approval. If signed, the bill will officially become law.

Find out more

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Officials view the bill as critical for the country’s financial future.</span></p><p dir=\"ltr\"><span>Senate Majority Leader John Thune stated,“This bill will help position the U.S. as the global hub for cryptocurrency.”</span></p><p dir=\"ltr\"><span>Similarly, Senator Bill <a href=\"https://laohu8.com/S/HGTY\">Hagerty</a> emphasized, “The GENIUS Act will strengthen demand for U.S. Treasury bonds and reinforce the dollar’s status as the world’s reserve currency.”</span></p><p dir=\"ltr\"><span>Treasury Secretary Besant has repeatedly highlighted the role of stablecoins in preserving the dollar’s dominance, stating,“Stablecoin demand for U.S. Treasuries is estimated at $2 trillion and could exceed that level.”</span></p><p dir=\"ltr\"><span>Despite Senate approval, the GENIUS Act is not yet law. It must pass the House of Representatives before being sent to President Trump for final approval. 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