Stablecoin legislation advanced on the Senate floor Monday in an early win for the crypto industry, but the bill is expected to face a lengthy amendment process that will likely push a final vote

The vote, a procedural step needed to begin debate on the GENIUS Act, represents a major victory for the cryptocurrency industry.

A bill to regulate stablecoins passed a key procedural hurdle in the Senate Monday night, paving a path for final passage of legislation pushed by the crypto industry.

The U.S. Senate is poised to try another high-stakes procedural vote to push stablecoin legislation forward, which could mark a major win for the crypto sector.

Sen. Roger Marshall (R-KS) is gauging support for a bill that reins in credit card swipe fees, though he has not requested a vote as part of a major piece of banking legislation.

Here’s an example of the kind of compromise included in the Senate’s updated crypto bill. After bipartisan negotiations this month, the GENIUS Act will now ban stablecoins from using “United States,” “United States Government,” or “USG” in their name.

With the United States Senate on the verge of implementing the first major crypto legislation in years, clever investors are shifting their focus to

One of the thorniest issues in negotiations had been how much to raise the state and local tax deduction, now capped at $10,000. That’s been a priority of New York lawmakers. Th