US Senate passes stablecoin bill, paving way for crypto regulation
In a historic move for crypto, the US Senate passed the Trump-backed stablecoin bill with 68-30 vote. The bill, aimed at regulating dollar-pegged digital assets, now heads to the House. It mandates 1:1 reserve backing and could boost Circle, a key issuer. The industry eyes stablecoins becoming mainstream, as market size could hit $2 trillion by 2028.