GENIUS Act failing the cloture procedure represents a setback, but advocates suggest that with further bipartisan negotiations, the bill could be revised and reintroduced for passage at a later date
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The failure of the GENIUS Act represents a major blow to stablecoin legislation, though advocates suggest further bipartisan work could revive the bill in the future.
After the vote, Thune said he changed his vote so that the legislation could be brought up again.
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