{"id":32394,"date":"2025-06-18T06:46:33","date_gmt":"2025-06-18T06:46:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=32394"},"modified":"2025-06-18T06:46:33","modified_gmt":"2025-06-18T06:46:33","slug":"senate-passes-genius-act-coinbases-brian-armstrong-calls-it-big-milestone-scott-bessent-says-passage-could-drive-stablecoins-into-a-3-7-trillion-market","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=32394","title":{"rendered":"Senate Passes GENIUS Act\u2014Coinbase&#8217;s Brian Armstrong Calls It &#8216;Big Milestone,&#8217; Scott Bessent Says Passage Could Drive Stablecoins Into A $3.7 Trillion Market"},"content":{"rendered":"<div>\n<p>In a significant development, the Senate <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/06\/45972264\/senate-advances-stablecoin-bill-a-defining-moment-for-crypto-market-regulation\">passed the GENIUS Act<\/a> on Tuesday, a bill establishing the country\u2019s first regulatory framework for dollar-pegged stablecoins.\u00a0<\/p>\n<p>Prominent names tied to the cryptocurrency industry soon took to social media to celebrate the passage.<\/p>\n<p><strong>What happened<\/strong>:<strong> Brian Armstrong<\/strong>, CEO of America&#8217;s largest cryptocurrency exchange, <strong>Coinbase Global Inc. <\/strong>(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/COIN#NASDAQ\">COIN<\/a>)<strong>, <\/strong>called it a &#8220;big milestone.&#8221;<\/p>\n<p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/p>\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Big milestone! <a href=\"https:\/\/t.co\/hQtX7IylvN\">https:\/\/t.co\/hQtX7IylvN<\/a><\/p>\n<p>\u2014 Brian Armstrong (@brian_armstrong) <a href=\"https:\/\/twitter.com\/brian_armstrong\/status\/1935153738324545537?ref_src=twsrc%5Etfw\">June 18, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/p>\n<\/figure>\n<p><strong>Paolo Ardoino<\/strong>, CEO of the world&#8217;s largest stablecoin-issuing company, <strong>Tether <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">USDT<\/a>), wrote &#8220;GENIUS&#8221; in a post, alongside the emojis of the U.S. national flag and the national bird, the bald eagle.<\/p>\n<p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/p>\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"lt\" dir=\"ltr\">GENIUS \ud83e\udde0\ud83e\udd85\ud83c\uddfa\ud83c\uddf8<\/p>\n<p>\u2014 Paolo Ardoino \ud83e\udd16 (@paoloardoino) <a href=\"https:\/\/twitter.com\/paoloardoino\/status\/1935094673141281222?ref_src=twsrc%5Etfw\">June 17, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/p>\n<\/figure>\n<p><strong>Jeremy Allaire<\/strong>, co-founder and CEO of the newly listed stablecoin company, <strong>Circle Internet Financial<\/strong> (NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/CRL#NYSE\">CRL<\/a>), said that &#8220;history was being made&#8221; and the legislation would help &#8220;drive U.S. economic and national competitiveness&#8221; in the years to come.<\/p>\n<p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/p>\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">History is being made, as the US Senate passes the GENIUS Act, taking us one step &#8230;<\/p>\n<\/blockquote>\n<\/div>\n<\/figure>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/06\/45989307\/senate-passes-genius-act-coinbases-brian-armstrong-calls-it-big-milestone-scott-bessent-say\" alt=\"Senate\" passes genius act brian armstrong calls it milestone scott bessent says passage could drive stablecoins into a trillion market>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a significant development, the Senate passed the GENIUS Act on Tuesday, a bill establishing the country\u2019s first regulatory framework for dollar-pegged stablecoins.\u00a0 Prominent names tied to the cryptocurrency industry soon took to social media to celebrate the passage. What happened: Brian Armstrong, CEO of America&#8217;s largest cryptocurrency exchange, Coinbase Global Inc. (NASDAQ:COIN), called it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-32394","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32394"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32394\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}