According to reports, the U.S. Senate did not pass the key procedural vote on the GENIUS Act. Some Democratic lawmakers who had previously supported the bill switched to opposition during Thursday's vote due to doubts about the anti-money laundering and national security provisions in the latest version. Republicans pushed for the vote but failed to gain enough support, and the bill is temporarily shelved. The White House had originally planned to sign the cryptocurrency legislation agreement in the Rose Garden in August, but the prospects are now unclear.