Senate Stablecoin Bill Passes Key Vote as GENIUS Act Regains Momentum

In contrast to all the prospects, the Senate’s proposal to Stablecoin regained political momentum, passing with a key procedural vote on Monday night, which set the legislation to seek passing within a few days.

Less than two weeks ago, a law proposal, called an ingenious act, perished To undergo the same procedure for voting for clotting – which ends the discussion of the measure and progresses in considering the whole floor. At that time a Perfect storm Political winds were conspiracy to abolish support for the proposal of the law among the pro-Crypto democracy. Main among them: Increasing anger in a democratic party over a perceived crypto President of President Donald Trump conflicts of interest.

But tonight the key Democrats jumped back to the measure. Ruben Gallego (D-AZ), Mark Warner (D-VA), Lisa Blunt Rochester (D-Pa), Kirsten Gillibrand (D-BY) and Angela Alsobrooks (D-MD)-all of which they voted against Clocture on the generic work earlier this month-tonight. Alsobrooks and Gillibrand initially sponsored the account.

After receiving more than 60 votes, the bill will now be cruising by voting on the whole floor, which could happen as soon as tomorrow, a Senate source familiar with this question Decipher. If everything goes according to the plan, the voting on the law itself should see the same margin of passing as tonight’s procedural vote.

The draft should then go to the house in the house before heading to the table of President Trump. If it signed in the law, the ingenious law would establish a framework for the legal issuance of stable apartments in the United States.

Stablecoins are crypto tokens, mostly related to the US dollar, which allow the owners to enter and exit the digital property trade without access to FIAT currencies directly. They can also be used to simply send payment and remittance across the boundaries. It is expected that after bringing Stabibeloin’s legislation, the former Wall Street giants will flood the sector, entering billions of dollars, if not trillion, in cryptocurrencies.

What gave the ingenious law a new wings just days after the draft of the law was almost mortally spiral? Last week the Senate Democrats were ironing a New draft legislations, which they thought contained large concessions of Republicans about issues such as conflict of interest, protection of national security and great technology.

But it is not clear whether these measures will have enough teeth to make them executive. Although the new draft forbids all senior executive officials, for example, to trigger their own stabikuine, he still enables the president and vice president to do so-he plashes Trump’s concerns that have made the Ethics a prominent question for legislation.

In a similar vein, New language Added to the account in the eleventh hour would prevent large technological corporations to start Stablecoins if corporations would monitor and sell sensitive financial data of the user – unless they were given customer consent to do so under their service conditions.

Another factor that may have transferred political calculation enough to seem the genius over the coat of arms of 60 votes: increased pressure to lobby the industry leader, who realized that if the law proposal is not adopted, he hopes that this year will be made by any crypto legislation at Capitol Hill Power to die together with that.

Coinbase, for example, that boasts a huge lobbying presence in Washington, previously pulled his legs Supporting independent legislation of Stablecoin – a move intended to increase the likelihood that Congress will adopt a unique crypto of the law that covers several sectors in the industry, but this nevertheless frustrated other players of digital assets. In recent days, with Crypto’s entire legislature for life support, Coinbase has particularly increased the heat in pressure to make the genious act over the goal.

Company CEO Brian Armstrong, made explicit objections To adopt the account immediately. Stand with Crypto, a sheddustrial political guard launched by Coinbase, warned that he would lower the classes of politicians if tonight voted against Clotura for a genius act-poetz organization not Make after the initial vote on the proposal of the law earlier this month. During the weekend, a notification in an application sent to Coinbase and saw DecipherHe urged US users to send their senators a letter that requires the genius law to be adopted immediately.

Behind such signifies, it throws out a huge amount of money. Last year Coinbase, along with a handful of other large American crypto companies, collected over $ 300 million For Pro-Crypto Super Pacs who have spent greatly at congress races. The same Super Pac has already raised tens of millions of dollars for 2026.