AAVE’s price soared over 20% today, as the U.S. Senate took a major step forward with the GENIUS stablecoin bill. The significant price movement came immediately following the Senate’s successful closure vote, which passed with strong bipartisan support of 66-32.
Cryptocurrency data platform Coin Gecko highlighted this correlation in a tweet, noting that AAVE token experienced the 20.3% surge on the same day the US Senate passed the closure vote for the GENIUS stablecoin bill.
This Senate vote is a big step for crypto rules in the U.S. By passing closure, lawmakers removed a major roadblock that had been holding the bill back. The path is now clear for more debate and possibly final approval.
NEWS: $AAVE surged 20.3% on the day as the US Senate passed the closure vote for the GENIUS stablecoin bill. pic.twitter.com/VxB73dP2cd
— CoinGecko (@coingecko) May 20, 2025
Market Impact Beyond Aave Token
The GENIUS bill aims to create clear rules for stablecoins in America’s financial system. Many market watchers see this progress as good news for the whole crypto world.
The strong 66-32 vote shows growing agreement among lawmakers about stablecoin regulation. It’s the biggest move on crypto laws we’ve seen from Congress this session.
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Aave’s price jump shows optimism about DeFi platforms. These platforms might benefit from clearer rules. As the bill moves forward, the market will be watching closely.
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