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The Independent UK
The Independent UK
Gustaf Kilander

First cryptocurrency safeguard bill passes key vote: What to know about the Genius Act

Crypto Donald Trump United States Christian Catalini

The Senate voted on Monday to push forward with first of its kind legislation to regulate some cryptocurrencies.

The legislation received some pushback from Democrats in the last few weeks amid President Donald Trump’s crypto business initiatives, but the bill in the end received the support of 16 Democrats in the upper chamber, including New Jersey Sen. Cory Booker and California Sen. Adam Schiff, ABC News noted.

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