GENIUS bill, which seeks to establish regulatory guidelines for stablecoins, has passed a cloture procedural vote on its second attempt in the U.S. Senate with a 66-32 margin

Event date

May 19, 2025

Quotes that support claims

The Republican-sponsored GENIUS Act, which seeks to establish regulatory guidelines for stablecoins, has passed a key procedural vote in the US Senate. The legislation is now clear to advance to a full floor vote. The cloture vote passed 66-32 on Monday evening.

In a second take, U.S. senators voted on Monday night to move forward with monumental legislation to regulate stablecoins. Lawmakers voted 66-32 to invoke cloture — a procedural move that clears the way for further debate — on the Guiding and Establishing National Innovation for U.S. Stablecoins Act, or GENIUS Act.

Tags

Week 21 of 2025