*A bipartisan group of Senators is close to arriving at consensus on GENIUS Act text that could allow the process to move forward after days of intensive negotiations that restarted Monday following last Thursday’s failed cloture vote. Text has not been finalized yet, however.

*Senate leadership is discussing the procedural path forward to resume consideration of the GENIUS Act, including the amendment process and a motion to reconsider. The goal, which is subject to change, is to potentially hold a final vote before the Memorial Day recess and ahead of the reconciliation process, though the timeline could slip depending on whether a process agreement can be reached with Democrats.