Senate Passes GENIUS Act: Scott Bessent Praises Bipartisan Backing for Landmark Legislation
The U.S. Senate just greenlit the GENIUS Act—and Wall Street''s already placing bets. Hedge fund heavyweight Scott Bessent tipped his hat to lawmakers, calling the move ''a rare win for forward-thinking policy.''
What''s in the bill? Innovation incentives, tech infrastructure funding, and—of course—a few pork-barrel goodies to grease the wheels. Because nothing sparks genius like old-fashioned political horse-trading.
Market reaction? Crypto traders piled into AI-related tokens within minutes of the vote. Because when has blind speculation on half-understood legislation ever gone wrong?
One cynical take: Bessent''s gratitude smells suspiciously like a man who spotted the arbitrage play before the ink dried. But hey—that''s just how genius works in 2025.
WASHINGTON, In a major win for the crypto industry of the United States, the Senate has passed the GENIUS Act. It is a revolutionary bill that frames the prior official rules for stablecoins. It gets 68-30 votes, with significant support from Republicans as well as... Read More
