GENIUS Stablecoin Bill Surprises with Procedural Win, Nears
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Updated at: 9 hours ago
{"content":"GENIUS Stablecoin Bill Surprises with Procedural Win, Nears Senate Passage
Just two weeks after a failed vote, the GENIUS Act — a stablecoin bill — unexpectedly passed a key procedural vote in the U.S. Senate on May 19, paving the way for full passage in the coming days.
Several Democratic senators who previously opposed the bill have now flipped in support, including Ruben Gallego, Mark Warner, Lisa Blunt Rochester, Kirsten Gillibrand, and Angela Alsobrooks. The bill surpassed the 60-vote threshold and could face a full floor vote as early as today.
If passed by the House and signed by President Donald Trump, the GENIUS Act would establish a legal framework for stablecoins in the U.S., potentially attracting billions of dollars from Wall Street into the crypto sector.
The bill’s revival was driven by last-minute political compromises between parties and strong lobbying from the crypto industry, especially Coinbase.","images":[],"tags":[],"tradingPairs":[],"quotearticleid":0}