The bill to establish a legal framework for managing stablecoins (GENIUS Act) has just passed the "motion to proceed," allowing the Senate 🇺🇸 to begin reviewing the bill.

The bill is currently entering the amendment stage, negotiating key terms.

Since the Cloture vote (ending debate) was passed two days ago, the Senate can now end debate or prevent filibustering, and proceed to a final vote when ready.

If the bill is passed by the Senate, it will be sent to the House of Representatives. If all goes well, the bill will be ready for President Trump to sign into law.