Republican expressed surprise at the GENIUS Act’s failure to pass cloture, as it undergone six revisions, including enhanced anti–money laundering measures and restrictions on public officials profiting from stablecoins, to accommodate Democratic demands

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May 8, 2025

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To address the concerns of Senate Democrats, the bill had already been amended to include stricter requirements for stablecoin issuers for further provisions for Anti-Money Laundering.

After the procedure failed, Senate Majority Leader John Thune criticized Democrats, saying, “Democrats have been accommodated every step of the way […] frankly, I just don’t get it.”

He also sharply criticized Democrats and said the bill had six versions in response to Democrats. "I just have to say, frankly, I just don't get it," Thune said. "I don't know what more they want."

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Week 19 of 2025