The United States Senate voted 69 to 31 in favor of moving the stablecoin bill to the floor for consideration.
This follows Monday's cloture vote, which subjected the bill to amendment voting.
The Senate will now proceed to deliberate the bill on the floor of the House, make amendments, and possibly approve the GENIUS Act.
The stablecoin bill is one step closer to becoming the first significant regulatory framework for cryptocurrencies in the U.S. following the recent vote by the U.S. Senate to move the bill to the amendment phase. Also known as the GENIUS Act, this bill aims to regulate stablecoins in the U.S., a measure that will bring greater clarity to the cryptocurrency industry.
