WASHINGTON, June 18 -- Sen. Tim Scott, R-South Carolina, chairman of the Senate Banking, Housing and Urban Affairs Committee, issued the following news release on June 17, 2025: * * * Scott Champions Historic Senate Passage of GENIUS Act Washington, D.C. - Today, the United States Senate passed the bipartisan Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act - legislation Chairman Tim Scott (R-S.C.) co-sponsored and championed as it advanced through the Senate. Th  more