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US Senate Passes the GENIUS Act to Regulate Crypto

May 23, 2025 at 09:05 AM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

The U.S. Senate recently voted 66-22 to move forward with the GENIUS Act, a new proposal focused on regulating parts of the crypto world. While the bill stirred debate in recent weeks, especially among Democrats skeptical of President Donald Trump’s involvement in crypto ventures, it still earned the backing of 16 Democrats, including Senators Cory Booker and Adam Schiff.

It remains to been how crypto industry companies like Stronghold Digital Mining Inc. (NASDAQ: SDIG) will receive this new law if it ever gets enacted and what suggestions they have for other regulatory…

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