The US Senate passed stablecoin legislation setting up regulatory rules for cryptocurrencies pegged to the dollar, in a landmark win for the ascendant crypto industry and President Donald Trump.The 68-30 vote on Tuesday evening marked a rare moment of bipartisanship in the deeply divided Senate,

WASHINGTON (AP) — The Senate is expected to approve legislation Tuesday that would regulate a form of cryptocurrency known as stablecoins, the first of what is expected to be a wave of crypto legislation from Congress that the industry hopes will bolster its legitimacy and reassure consumers.

The U.S. Senate passed the Donald Trump-backed stablecoin bill on Tuesday, a significant victory for the crypto industry, which donated millions of dollars to the 2024 presidential election. The so-called ‘Genius Act’ will regulate stablecoin digital assets,