The Stablecoin Genius Act advances further in the Senate!

The revised GENIUS Act has received over 60 votes in the U.S. Senate, initiating a motion to terminate debate on the revised bill (to prevent filibustering).

Once the motion to terminate debate passes, Senate rules allow for up to 30 additional hours of debate (known as 'floor time') before a final vote can take place. This period is expected to conclude on Monday or Tuesday.

After the 30 hours end (next Monday or Tuesday), the Senate will hold a final vote on the revised GENIUS Act. Unlike the 60 votes needed to terminate debate, final passage typically only requires a simple majority (more than 50 votes to pass).