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.

CNBC’s MacKenzie Sigalos reports on the Senate’s passage of the GENIUS Act — the first federal framework for U.S. dollar-pegged stablecoins — marking a major victory for the crypto industry after a $250 million election push.

It advanced out of the Senate Banking Committee in March with bipartisan backing, but bled Democratic support weeks later when it was revealed that an Abu Dhabi-backed firm would use $2 billion in stablecoin purchased from Trump family-linked crypto firm, World Liberty Financial, to invest in Binance.