The vote on the GENIUS Act, which would set up a regulatory framework for stablecoins, came two weeks after Senate Democrats blocked the measure.

The crypto-focused GENIUS Act advanced in a procedural vote in the Senate Monday night.The bill aims to create the first regulatory framework for stablecoins, a growing corner of the crypto market.Holdouts among Democrats won some concessions,

There is a “first of its kind” crypto bill making progress through the Senate that you’re going to be tempted to snooze on because a) it’s about “stablecoins,” which is a subcategory of crypto – a parallel financial system almost no one understands,