The U.S. Senate voted Monday night to advance the GENIUS Act, a long-anticipated bill that would create a regulatory framework for stablecoins, overcoming a key procedural hurdle that clears the way for final debate and passage.

JPMorgan Chase is set to allow its clients to buy bitcoin, CEO Jamie Dimon said Monday, signaling a significant pivot for the largest U.S. bank, despite his longstanding criticism of the digital currency.

The U.S. Department of Justice has launched a criminal investigation into a recent cyberattack on Coinbase, one of the world’s largest cryptocurrency exchanges, the company confirmed on Monday.

Top stories in the Crypto Roundup today:

• Senate Clears Key Hurdle for Stablecoin Bill, Paving Way for Final Vote
• UK to Mandate Crypto Firms Report Every Customer Transaction Starting 2026
• U.S. Justice Department Investigates Cyberattack Targeting Coinbase

Senate Clears Key Hurdle for Stablecoin Bill, Paving Way for Final Vote

The U.S. Senate voted Monday night to advance the GENIUS Act, a long-anticipated bill that would create a regulatory framework for stablecoins, overcoming a key procedural hurdle that clears the way for final debate and passage.

The bill passed the 60-vote threshold with bipartisan backing, a turnaround from its failed attempt earlier this month. 

Lawmakers, including Sen. Bill Hagerty, the bill’s sponsor, have spent the past week negotiating adjustments to consumer protection and national security provisions—two sticking points that previously divided the chamber.

Some of the language changes appear minor, but they were enough to bring hesitant Democrats on board. Senators Ruben Gallego and Mark Warner, both of whom voted against the bill during its last appearance on the floor, supported the motion Monday. 

JPMorgan to Open Bitcoin Access to Clients Despite CEO Jamie Dimon's Continued Criticism

JPMorgan Chase is set to allow its clients to buy bitcoin, CEO Jamie Dimon said Monday, signaling a significant pivot for the largest U.S. bank, despite his longstanding criticism of the digital currency.

“We are going to allow you to buy it,” Dimon said at JPMorgan’s investor day. “We’re not going to custody it. We’re going to put it in statements for clients.” The move aligns JPMorgan with competitors like Morgan Stanley, which already lets financial advisors offer spot bitcoin exchange-traded funds (ETFs) to qualifying investors.

But Dimon’s stance on bitcoin hasn’t softened. During his remarks, he doubled down on concerns about crypto’s ties to illicit activity, saying, “I don’t think you should smoke, but I defend your right to smoke. I defend your right to buy bitcoin.” He has previously dismissed the asset as “worthless” and likened it to a “pet rock.”

The offering is limited. JPMorgan’s access is expected to involve bitcoin ETFs, rather than direct holdings. While regulatory barriers have loosened under the current administration—particularly with the rollback of SEC rule SAB 121—banks are still restricted from more direct crypto dealings.

U.S. Justice Department Investigates Cyberattack Targeting Coinbase

The U.S. Department of Justice has launched a criminal investigation into a recent cyberattack on Coinbase, one of the world’s largest cryptocurrency exchanges, the company confirmed on Monday.

The breach, which came to light last week, saw the company receive an email from an unknown threat actor claiming to have information about customer accounts and internal documents. It occurred after bad actors bribed customer service representatives to gain internal information.

Coinbase’s Chief Legal Officer Paul Grewal said the company is cooperating with U.S. and international law enforcement and supports “the pursuit of criminal charges against these bad actors.”

A source close to the matter said Coinbase itself is not under investigation—only the individuals responsible for the breach.

The attackers reportedly obtained customer data, including names, addresses and emails, but did not gain access to passwords or login credentials, according to Coinbase. Still, the company estimates the incident could cost between $180 million and $400 million.

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