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

The legislation to set rules for stablecoin issuers is the first major digital assets bill to ever clear the Senate and now moves on to the U.S. House.

The US Senate passed the GENIUS Act, aiming to regulate stablecoins. The bill introduces rules and consumer safeguards for these cryptocurrencies. It received bipartisan support, with a vote of 68-30.