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Stablecoin bill clears another hurdle in US Senate, inching toward final vote
The Senate voted Wednesday to advance legislation setting up a regulatory framework for payment stablecoins, bringing the crypto bill one step closer to a final vote in the upper chamber. Seventeen Democrats voted with almost every Republican to end debate on an updated version of the GENIUS Act. The new bill text was reached as part of lengthy negotiations between Republicans and crypto-friendly Democrats last month, ahead of an earlier procedural vote on the Senate floor last month. The vote breakdown was largely similar to the May vote, although Sen. Lisa Blunt Rochester (D-Del.) switched her vote to oppose the ... (full story)
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