Senator Warren warned the GENIUS Act could let tech billionaires create stablecoins that track people’s spending.

The Senate passed legislation to establish the first regulatory framework for stablecoins, capping prolonged, topsy-turvy bipartisan negotiations. Why it matters: The GENIUS Act, which was nearly derailed when Democrats had an internal blowup about President Trump's growing cryptocurrency empire,

The Guiding and Establishing National Innovation for US Stablecoins Act, known as the GENIUS Act, now faces a key vote in the United States Congress, and the stakes for the cryptocurrency industry are high.

The US Senate has approved the GENIUS Act. It sets rules for stablecoins. The bill requires full reserve backing and monthly audits. It allows various firms to launch stablecoins. Senator Bill Hagerty calls it a move to modernize finance.

Democrat Elizabeth Warren has issued a stern warning regarding the GENIUS Act, claiming that stablecoins issued by tech giants such as Amazon and Walmart may le

The 68-30 vote on the GENIUS Act was the first time that the Senate has passed major legislation to regulate digital assets.

As Eleanor Terrett reveals, the GENIUS Stablecoin Act is poised for US Senate passage on Tuesday, setting the stage for a House vote.

Elizabeth Warren explains why the GENIUS Act, a GOP-backed cryptocurrency bill, could enable corruption in the tech industry and screw over Americans.

The Senate is set to vote this week on a bill that would introduce the first-ever regulatory framework for stablecoins.

Sens. Elizabeth Warren and Richard Blumenthal sent a letter to Meta asking whether it's lobbied for the GENIUS Act or has any plans to join an issuer in any way.