The GENIUS Act passed a vote in the US Senate, allowing it to head to the floor for vote.
This is the stablecoin act.
If passed, the House will have to pass it then goes to the President for signature.
The GENIUS Act passed a vote in the US Senate, allowing it to head to the floor for vote.
This is the stablecoin act.
If passed, the House will have to pass it then goes to the President for signature.
I wish them well. It will be a win for everyone in crypto
Senate Stablecoin Bill Passes Key Vote as GENIUS Act Regains Momentum
The GENIUS Act passed a cloture vote Monday evening less than two weeks after failing one. It will now head to a full floor vote.
Against all odds, the Senate’s stablecoin bill has regained political momentum, passing a key procedural vote Monday evening that has set the legislation on track for passage within days.
Less than two weeks ago, the bill, dubbed the GENIUS Act, failed to pass the same procedural cloture vote—which ends debate on a measure and advances it towards full floor consideration. At the time, a perfect storm of political winds conspired to derail support for the bill among pro-crypto Democrats. Chief among them: mounting anger in the Democratic Party over President Donald Trump’s perceived crypto-related conflicts of interest.