GENIUS Act To Advance? Stablecoin Legislation Will Face New Vote Next Week

Quick Summary:

US Senators prepare for a new vote on the highly anticipated stablecoin bill that recently failed to pass cloture.

After facing backlash and support withdrawal from Senate Democrats, the bill has undergone new bipartisan amendments to advance the legislation in the upcoming weeks.

Before last week’s failure, the GENIUS Act was considered a bipartisan effort to offer regulatory clarity, with various Senate Democrats supporting the bill.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: HungaryUnited States

Topics: Crypto News US Senators GENIUS Act Crypto regulation US Democrats Elon Musk Stablecoin regulation Senate Democrats Btc US Senate US Congress Elizabeth Warren Bitcoin Stablecoin bill BTCUSDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-17 @ 10:00:30 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 605 words

Reading Time: 4 minutes read

Sentences: 37 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 28761583

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About Bitcoinist

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Official Website: bitcoinist.com

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News Last Updated: 9 hours ago

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