US EditionGENIUS Act Revised Ahead of Senate Vote: Will Dems Push It Through?
- The U.S. Senate plans a cloture vote today at 5:30 p.m. ET to advance the revised GENIUS Act for stablecoin regulation after a previous 48-49 procedural failure.
- The vote follows bipartisan talks leading to concessions addressing consumer protections, limits on Big Tech, and bans on yield-bearing stablecoins to gain Democratic support.
- Senators including Warner and Gillibrand support the bill, while some Republicans and Democrats remain opposed due to concerns over crypto industry ties to President Trump and consumer risks.
- Virginia Senator Mark Warner emphasized the importance of U.S. Involvement in regulating stablecoins, noting that the industry’s value is approaching $250 billion and warning that the country cannot remain passive as the sector grows.
- If approved, the GENIUS Act would create the first federal regulatory framework for stablecoins, potentially providing clarity for U.S. Firms and supporting broader crypto adoption among institutional users.
15 Articles
15 Articles
GENIUS Act Revised Ahead of Senate Vote: Will Dems Push It Through?
After failing in a 48-49 procedural vote earlier this month, the GENIUS Act — a bill that would establish federal oversight of payment stablecoins — is getting a second chance today. The legislation returns to the Senate floor for another cloture vote at 5:30 p.m. ET following a week of bipartisan negotiations and a revised draft released over the weekend. Does that mean passage is likely? Actually, even though Democrats obtained several conces…
Best Crypto Presales to Buy as Senate Debates Landmark Crypto Bill
The crypto industry is inching closer to its first big legislative victory as the US Senate moves to regulate stablecoins. According to a CoinDesk report, senators Bill Hagerty and Kirsten Gillibrand, a Republican and a Democrat who campaigned for stablecoin regulation, say a stablecoin bill dubbed the GENIUS Act could be approved this week. The […] The post Best Crypto Presales to Buy as Senate Debates Landmark Crypto Bill appeared first on Mod…
Senate takes its second stab at advancing stablecoin legislation
The NewsSenators expect to vote again tonight on advancing legislation to create rules for stablecoins — a type of cryptocurrency pegged to assets like the dollar — after a previous attempt imploded, a person familiar with the plans said. Senate Minority Leader Chuck Schumer held a caucus-wide call Sunday to discuss unreleased text, another person said, that includes Democrat-sought changes. But those tweaks weren’t enough to win over progressiv…
GENIUS Act Clears Senate Hurdle, Signaling Momentum for U.S. Tech Innovation Policy – Digital News & Investigative Reports
Senate Advances Key Tech Legislation WASHINGTON, D.C. — The U.S. Senate has approved a crucial procedural motion on the Generating New Innovations and Unleashing Technology (GENIUS) Act, moving the bill one step closer to a full legislative vote. The cloture vote passed with bipartisan backing, marking a pivotal development in the national push to modernize digital innovation frameworks. Aiming to Lead in Emerging Technology The GENIUS Act is de…
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