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Exchanges say Stablecoin Bill to pave way for crypto adoption
The New Indian Express Vellore
|June 19, 2025
THE US Senate has passed the GENIUS Act, which aims to regulate stablecoins, and crypto exchanges call this bill a milestone as such regulatory clarity contributes to a shifting global crypto industry.
The stablecoin (a type of crypto) bill will help provide a faster way to process transactions and stablecoins might turn into a mainstream form of payment. The passage of the Act marks a clear signal from the US government that digital asset innovation and responsible regulation can go hand in hand.
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