GENIUS Act vote ends, passed 66-32

Odaily Planet Daily News According to Eleanor Terrett, the U.S. Senate passed the procedural motion of the GENIUS Act that night with 66 votes in favor and 32 votes against, clearing the way for final legislation. The bill aims to establish a federal regulatory framework for stablecoins and issuers. The previous version was frustrated on May 8 due to disputes over consumer protection and national security clauses, and the text was revised, prompting several Democratic lawmakers to support it. Senator Bill Hagerty, who led the bill, called it a "historic opportunity" to promote the first digital asset legislation.