The Senate is voting on legislation regulating a form of cryptocurrency called stablecoins. The bill is the first in what’s expected to be a wave of crypto-friendly legislation in Congress following the industry’s heavy spending in last year’s election.

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,