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Senate Moves GENIUS Stablecoin Legislation Ahead

A bipartisan group of Senators voted the bill forward, with final approval likely set for the coming days.
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Jun 11, 2025 • 1 min read

The GENIUS Act progresses in the U.S. Senate with bipartisan support, marking a significant effort to establish stablecoin regulations despite partisan divides.

What’s the Scoop?

  • Bipartisan Progress: The U.S. Senate votes to advance the GENIUS Act, signaling bipartisan support for stablecoin regulations despite some Democratic opposition.
  • Democratic Split: Key Democrats such as Chuck Schumer and Elizabeth Warren opposed the bill, while others, including Ruben Gallego, supported it.
  • Call for Action: Senator Tim Scott emphasized the importance of bipartisan leadership to push forward meaningful crypto legislation.

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