Senate Braces for GENIUS Act Showdown—GOP Charges Ahead as Critics Sound Alarm

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2025-05-07 00:20:49

Senate to Vote on GENIUS Act as GOP Presses Forward Despite Mounting Opposition

Washington’s latest tech policy battle hits the floor today as Republicans force a vote on the controversial GENIUS Act. Opponents call it a handout to Big Tech—supporters insist it’ll ’unleash innovation’ (and probably a few lobbyist bonus checks).

Behind the scenes: The bill’s $42B tax incentive package has Silicon Valley’s balance sheets tingling. Because nothing sparks bipartisan cooperation like watching VCs prep their yacht upgrades.

Final twist: Three senators reportedly tried to read the 1,200-page bill. Two required smelling salts.

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