Summary
- The US stablecoin regulatory bill 'The Genius (GENIUS)' is reportedly set for its final Senate floor vote next week.
- The Senate stated that the cloture motion on the stablecoin regulatory bill passed by a vote of 68–30, moving forward with the voting process.
- President Trump's aides said that if the bill passes in its current form, they will recommend that he sign it.
The US stablecoin regulatory bill 'The Genius (GENIUS)' is set for a floor vote in the Senate next week.
According to The Block on the 11th (local time), the US Senate passed a cloture motion on the stablecoin regulation bill The Genius by a vote of 68–30, paving the way for a final vote on Monday next week.
Commenting on this, Senator Tim Scott, Chairman of the Senate Banking Committee, said, "This result is the outcome of bipartisan cooperation and a significant advance for both innovation and security." Meanwhile, aides to US President Donald Trump expressed their support for the bill, stating that "if the bill is submitted in its current form, they will recommend that Trump sign it."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
