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The U.S. Senate advanced the GENIUS stablecoin bill into its final debate phase, clearing a procedural hurdle with a 60-vote threshold.
What’s the Scoop?
- Key Vote Passed: Senators cleared the 60-vote threshold to advance the GENIUS Act after earlier setbacks.
- Revised Provisions: Updated language in the bill addressed prior concerns around consumer protection and national security.
- House of Representatives Next: The House is now working on its own version to create a cohesive regulatory framework for stablecoins.
