U.S. Senate Poised to Pass GENIUS Stablecoin Act Amid Bipartisan Support

Senator Bill Hagerty has expressed unwavering confidence in the imminent passage of the GENIUS Act, a landmark stablecoin regulation bill. The Senate is scheduled to hold its final vote at 4:30 p.m. ET today, marking a critical milestone for cryptocurrency legislation.

The bill has overcome significant opposition, including resistance from crypto-skeptic Senator Elizabeth Warren, to clear procedural hurdles such as last week''s cloture vote. Hagerty describes the legislation as a "strong bipartisan product" shaped by input from TRUMP administration officials, industry stakeholders, and lawmakers across the political spectrum.

Market observers anticipate the GENIUS Act could establish clearer regulatory frameworks for dollar-pegged digital assets, potentially boosting institutional adoption. The legislation now moves to the House for consideration following today''s expected Senate approval.