U.S stable coin GENIUS bill could go for cloture procedure for a second time on 19th of May, 2025

Event date

May 19, 2025

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The next procedural move on the Senate floor could come by next week, according to people familiar with the talks. Later Thursday, Senate Majority Leader John Thune scheduled a cloture vote for Monday evening.

Last week, a Senate vote to move forward with the stablecoin bill, dubbed the GENIUS Act, collapsed after no Democrats agreed to a cloture vote. Democrats had aired concerns over the past several weeks about the need for stronger standards in the bill around anti-money laundering and foreign issuers. President Donald Trump's crypto involvement has complicated matters given his ties to decentralized finance platform World Liberty Financial's launch of a stablecoin.

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Week 21 of 2025