At the end of a three-hour hearing last month, Sen. Ruben Gallego, D-Ariz., sided with a group of Republicans in a hotly contested debate. He voted to advance the GENIUS Act, a bill backed by the cryptocurrency industry.
“It’s clear that digital assets are here to stay,” Gallego said after the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/senate” target=”_blank”>Senate Banking Committee hearing. Breaking from the committee’s top Democrat, he called the bill a “step in the right direction.”
The vote, 18-6, was only preliminary, advancing a bill that will require approval from the full Senate. But in the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/markets/cryptocurrency”>crypto world, it…
