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Senate Advances GENIUS Stablecoin Bill

The Senate moved the major piece of crypto legislation through to another round of debate.
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May 20, 2025 • 1 min read

The U.S. Senate advanced the GENIUS stablecoin bill into its final debate phase, clearing a procedural hurdle with a 60-vote threshold.

What’s the Scoop?

  • Key Vote Passed: Senators cleared the 60-vote threshold to advance the GENIUS Act after earlier setbacks.
  • Revised Provisions: Updated language in the bill addressed prior concerns around consumer protection and national security.
  • House of Representatives Next: The House is now working on its own version to create a cohesive regulatory framework for stablecoins.

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