Crypto Wins in Congress Grow as Senate Readies to Confirm Atkins

After years of thwarted attempts to officially green-light cryptocurrency trading, a key US Senate panel is moving quickly to bring those plans to fruition, approving landmark stablecoin legislation and likely advancing President Donald Trump’s pick for a pro-crypto Wall Street regulator.

The Senate Banking Committee’s bipartisan approval this month of the “GENIUS Act” (S. 919), which would set standards for regulating dollar-based stablecoin issuers and transactions, puts the the bill on the fast track for a vote by the full chamber over objections from ranking member Sen. Elizabeth Warren (D-Mass.).

The prospect of the bill becoming law and ...