GENIUS Act Stablecoin Bill Clears Cloture – Is This the Tipping Point for Crypto Legitimacy?

Washington just blinked—and crypto might never be the same.

The GENIUS Act''s stablecoin framework survived its first major legislative hurdle today, clearing cloture with surprising bipartisan support. This isn''t just another DC paperwork shuffle; it''s the first real shot at giving dollar-pegged tokens legal guardrails.

Behind the scenes: Treasury''s been sweating over Tether''s shadow banking dominance for years. Now they''re racing to plant the US flag before BlackRock and friends fully colonize the space with their own ETF-backed stablecoins.

What''s next? The bill still needs to survive committee markups where banking lobbyists will try to strangle it with compliance requirements. But make no mistake—Wall Street''s already pricing in the regulatory arbitrage play. (Because nothing says ''financial innovation'' like rewriting old rules for new profit centers.)

Bottom line: The establishment finally realized stablecoins aren''t going away. Whether that''s a victory for decentralization or just a new revenue stream for the usual suspects remains to be seen.

GENIUS Act Now Awaits Final Senate Vote

The GENIUS Act is a landmark piece of proposed stablecoin regulation, but it’s faced a few significant obstacles. To resurrect it, bipartisan Senators introduced an amendment that WOULD reassure Democrats’ concerns of economic disruption.

Today, the cloture vote for these GENIUS Act amendments passed, setting it up for a major success. It means any debate on a bill has now ended, and the Senate can now MOVE forward to the final vote.

The cloture vote and the main (final passage) vote in the US Senate serve different purposes, and both are critical for a bill like the GENIUS Act to become law.

More specifically, today’s vote prevents a filibuster—a tactic used to delay or block legislation through extended debate.

Several Senators expressed their support and reservations for cloture on the GENIUS Act amendments.

For example, Kristen Gillibrand, a pro-crypto Democratic Senator, spoke fervently in support of the bill but expressed displeasure at Trump’s involvement in the crypto industry. Still, she ended up voting in favor of cloture.

If this is how the cloture vote went, it’s reasonable to assume that the GENIUS Act will receive similar treatment in its final vote. These amendments were intended to bolster Democratic support, and they have proved successful so far.

Even if a few Senators remain opposed to this amended version, it seems unlikely that they’ll sway enough of their colleagues.

When will the GENIUS Act Recieve Final Approval?

Since the Senate invoked cloture earlier today, June 11, debate on the GENIUS Act will now be capped at 30 hours.

That sets the earliest possible window for the final roll-call vote on the bill to be around late Thursday, June 12, or possibly into Friday, depending on procedural timing.

Most observers expect it “by mid‑week”, with Wednesday–Thursday being the most likely timeframe.