Senator Hagerty’s GENIUS Act advances out of banking committee with bipartisan support despite Elizabeth Warren’s warnings about crypto risks and consumer protection concerns.

The U.S. Senate Banking Committee has moved forward the crypto industry’s stablecoin bill, a major step toward getting American President

The first committee approval of a stablecoin bill in this new congressional session now moves the so-called GENIUS Act toward the Senate floor.

The Senate Banking Committee voted Thursday to advanced legislation to create a regulatory framework for payment stablecoins. The movement on the GENIUS Act marks a key win for the Trump administration and Republican lawmakers,