Senate Advances GENIUS Stablecoin Bill
The Senate moved the major piece of crypto legislation through to another round of debate.
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.
Bankless
It’s time to break up with your bank, and join the movement for a better world.
