The US Senate passed stablecoin legislation setting up regulatory rules for cryptocurrencies pegged to the dollar, in a landmark win for the ascendant crypto industry and President Donald Trump.The 68-30 vote on Tuesday evening marked a rare moment of bipartisanship in the deeply divided Senate,

The U.S. Senate on Tuesday passed a bill to create a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins, in a watershed moment for the digital asset industry.

Sen. Mark Kelly, D-Arizona, was in South Carolina for a town hall advocating gun safety measures on the 10th anniversary of a massacre at a predominantly Black church, and did not vote on the crypto bill. In a statement, he said he supported its passage.