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The GENIUS bill is about to launch: A turning point for cryptocurrency
On May 15, cryptocurrency reporters reported that a bipartisan group of senators is nearing consensus on the contents of the GENIUS Stablecoin Act. After several days of tense negotiations, the text of the bill may proceed, but is not yet finalized. Senate leaders are discussing the procedural roadmap to reconsider the GENIUS Act, including the amendment process and the motion for reconsideration. The goal is to hold a final vote before the break on May 26, before the reconciliation process begins. However, the timeline may be delayed if a procedural agreement cannot be reached with Democratic senators.
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