The Senate is voting on legislation regulating a form of cryptocurrency called stablecoins. The bill is the first in what’s expected to be a wave of crypto-friendly legislation in Congress following the industry’s heavy spending in last year’s election.

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,

Sen. Mark Kelly, D-Arizona, was in South Carolina for a town hall advocating gun safety measures on the 10th anniversary of a massacre at a predominantly Black church, and did not vote on the crypto bill. In a statement, he said he supported its passage.