The Senate passed the Genius Act, which would regulate the red-hot stablecoin sector. From the sheer volume of breathless adulation, and the near-equal amount of fearmongering, you might expect that the bill will sail through the House of Representatives and land on President Trump’s desk by the end of summer.

The crypto dam didn’t break with a bang. It cracked with a vote. On Tuesday, the Senate passed the GENIUS Act with a strikingly bipartisan 68-30 tally. For a country that’s spent years lobbing political grenades across the aisle,