US House passes stablecoin bill to regulate dollar-pegged cryptocurrencies
Bill, called GENIUS Act, passes with bipartisan support in 308-122 vote
By Iclal Turan
WASHINGTON (AA) - The US House of Representatives passed a bill Thursday establishing new rules for dollar-backed stablecoins, sending it to President Donald Trump, who is expected to sign it into law.
The bill, called the GENIUS Act, passed with strong bipartisan support in a 308-122 vote.
The House also passed the broader CLARITY Act, aimed at regulating the wider crypto market. That bill passed 294-134 and now heads to the Senate.
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