The US Senate passes stablecoin bill, Trump and the cryptocurrency industry win milestone victory.

According to the Zhitong Finance and Economics APP, the U.S. Senate passed the stablecoin bill on Tuesday with 68 votes in favor and 30 votes against, setting regulatory rules for cryptocurrencies tied to the U.S. dollar. This is a milestone victory for the emerging cryptocurrency industry and U.S. President Donald Trump. The bill will now be reviewed by the House of Representatives.