U.S. Senate passes bill to set up stablecoin regulatory framework, Axios says

The U.S. Senate has passed a bill to set up the first regulatory framework for stablecoins, Axios’ Stephen Neukam reports. The GENIUS Act, which has been criticized by many Democrats over corruption concerns surrounding President Trump’s growing cryptocurrency empire, was passed with a 68-30 vote, with two GOP members voting no on the legislation, the author says. Publicly traded companies in the space include Bit Digital (BTBT), Bitfarms (BITF), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Mara Holdings (MARA), Riot Platforms (RIOT), Strategy (MSTR), Stronghold Digital Mining (SDIG) and TeraWulf (WULF).