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Stablecoin bill clears early Senate floor hurdle in win for crypto industry

Upworthy Tuesday, 20 May 2025 ()
The Senate voted to move forward with consideration of legislation to create a regulatory framework for payment stablecoins Monday night, bringing the key crypto bill one step closer to final passage. Sixteen Democrats joined all but two Republicans in voting to end debate on a motion to proceed…
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News video: Trump's 'Beautiful' Tax Bill After Medicaid Cuts Fast-Tracked Amid GOP Revolt And House Budget Deal

Trump's 'Beautiful' Tax Bill After Medicaid Cuts Fast-Tracked Amid GOP Revolt And House Budget Deal 07:31

 Donald Trump's sweeping tax and spending bill cleared a major hurdle as the House Budget Committee advanced it late Sunday after GOP leaders caved to demands from ultraconservatives to speed up deep Medicaid cuts. The fast-tracked work requirements could eject millions from coverage. Clean energy tax...

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GENIUS Act, a stablecoin bill, advances in the US Senate after a group of Democrats dropped their opposition, marking a major win for the crypto industry
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