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U.S. Senate Advances GENIUS Act with Bipartisan Support, Paving Way for Stablecoin Debate
U.S. Senate Advances GENIUS Act with Bipartisan Support, Paving Way for Stablecoin Debate
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The U.S. Senate voted 66-32 to invoke cloture on the GENIUS Act, clearing the path for formal debate on legislation that could reshape stablecoin regulation. The motion saw notable defections, with over 15 Democratic senators reversing prior opposition—including Cortez Masto, Schiff, and Warner—while Minority Leader Schumer dissented.
This procedural milestone signals growing political traction for crypto frameworks, particularly around dollar-pegged digital assets. Market observers note the bill’s progress coincides with institutional demand for regulatory clarity, though final passage remains uncertain amid pending amendments.
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U.S. Senate Advances GENIUS Act with Bipartisan Support
