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GENIUS Act Revised Ahead of Senate Vote: Will Dems Push It Through?
- The U.S. Senate prepared to hold a procedural vote on the revised GENIUS Act regulating stablecoins on May 19, 2025, aiming to establish federal oversight.
- The vote follows a previous failed attempt largely split along party lines, with Democrats opposing due to consumer protection and Big Tech concerns.
- Negotiators released an updated draft including concessions to address Democratic concerns such as a ban on yield-bearing stablecoins and clearer Big Tech limits.
- Senator Warner highlighted that the stablecoin sector is approaching a value of $250 billion, stressing that the United States must engage proactively with appropriate regulations.
- If passed, the GENIUS Act could provide regulatory clarity, bolster stablecoin market growth, and prevent foreign entities from shaping crypto standards contrary to U.S. Values.
20 Articles
20 Articles
GENIUS Act Revised Ahead of Senate Vote: Will Dems Push It Through?
After failing in a 48-49 procedural vote earlier this month, the GENIUS Act — a bill that would establish federal oversight of payment stablecoins — is getting a second chance today. The legislation returns to the Senate floor for another cloture vote at 5:30 p.m. ET following a week of bipartisan negotiations and a revised draft released over the weekend. Does that mean passage is likely? Actually, even though Democrats obtained several conces…
Best Crypto Presales to Buy as Senate Debates Landmark Crypto Bill
The crypto industry is inching closer to its first big legislative victory as the US Senate moves to regulate stablecoins. According to a CoinDesk report, senators Bill Hagerty and Kirsten Gillibrand, a Republican and a Democrat who campaigned for stablecoin regulation, say a stablecoin bill dubbed the GENIUS Act could be approved this week. The […] The post Best Crypto Presales to Buy as Senate Debates Landmark Crypto Bill appeared first on Mod…
Senate takes its second stab at advancing stablecoin legislation
The NewsSenators expect to vote again tonight on advancing legislation to create rules for stablecoins — a type of cryptocurrency pegged to assets like the dollar — after a previous attempt imploded, a person familiar with the plans said. Senate Minority Leader Chuck Schumer held a caucus-wide call Sunday to discuss unreleased text, another person said, that includes Democrat-sought changes. But those tweaks weren’t enough to win over progressiv…
TPA Slams Backdoor Move to Add Credit Card Competition Act as Amendment to GENIUS Act - Taxpayers Protection Alliance
TPA Slams Backdoor Move to Add Credit Card Competition Act as Amendment to GENIUS Act Taxpayers Protection Alliance May 21, 2025 For Immediate ReleaseContact: Kara Zupkus (224) 456-0257WASHINGTON, D.C. – Today, Sen. Roger Marshall (R-Kan.) filed his Credit Card Competition Act (CCCA) as an amendment to S. 1582, the GENIUS Act, currently being considered on the Senate …
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