The US Senate has made strides in cryptocurrency regulation with the advancement of the GENIUS Act, which establishes a framework for stablecoins, and the reintroduction of the Blockchain Regulatory Certainty Act. In a recent vote, the Senate approved the GENIUS Act aimed at defining and regulating stablecoin issuance. Rashan Colbert from the Crypto Council for Innovation highlighted that the bill outlines who can issue payment stablecoins and the necessary criteria for doing so. On the House side, the Blockchain Regulatory Certainty Act clarifies that developers and service providers who don’t manage customer funds will not be classified as money transmitters, providing the necessary legal clarity for these businesses to thrive. As cryptocurrency adoption rises, particularly in minority communities, the push for regulatory clarity has gained urgency. Colbert noted the significance of public involvement in the legislative process, emphasizing that the crypto community's voice is increasingly being heard on Capitol Hill.

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