Internet reports, TheBlock reported that the U.S. Senate voted on Monday to advance landmark stablecoin legislation. Bitwise chief investment officer Matt Hougan said the move could pave the way for a bull market in crypto assets that will last for many years in the future. He likened this development to "the marriage between Wall Street and the crypto industry." Senators voted 66 - 32 to advance the GENIUS Act, which received bipartisan support, including 16 previously opposed Democratic lawmakers who turned to support it this week. Crypto industry leaders and lawmakers called the vote a historic victory and believed it would help ensure the dominance of the U.S. dollar. However, after a procedural vote, lawmakers still need to vote on potential amendments before a final vote on the bill itself can be held. "Politicians in Washington are doing the right thing," Hougan wrote in a note to clients late Tuesday. I don't want to rush it, but it looks like we'll have the first fully passed crypto legislation in the United States this summer.