<ul><li>The GENIUS Act, a bill focused on stablecoin standards, received approval in the Senate by a 66 to 32 vote, showing strong bipartisan support.</li><li>The revised GENIUS Act addresses issues related to Big Tech, national security, and conflicts of interest, aiming to establish clearer rules for stablecoins.</li><li>Major Democrats like Mark Warner and Kirsten Gillibrand changed their votes in support of the bill, which previously faced obstacles regarding conflicts of interest and ties to cryptocurrency businesses.</li><li>The passage of the GENIUS Act is seen as a step towards bringing big banks into the cryptocurrency industry, potentially leading to increased investments and greater regulatory clarity.</li></ul>

GENIUS Act Advances as Senate Momentum Builds Stronger

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