The U.S. Senate Banking Committee advances the 'GENIUS Act' Stable Coin Regulatory Bill

The U.S. Senate Banking Committee has approved the first committee approval of the [GENIUS Act], a stablecoin regulation bill in the encryption industry, which aims to regulate stablecoin issuers at the federal level in the United States. It currently needs to be approved by the full Senate, while the House is also considering a similar version. The committee advanced the bill with a vote of 18 to 6, but it still needs to reconcile the versions of the Senate and the House.(CoinDesk)