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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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Bloomberg: The U.S. Senate will vote on the GENIUS stablecoin bill this Wednesday.
Gate News bot message: U.S. Senate Majority Leader John Thune is prepared for a key procedural vote on Wednesday regarding the GENIUS Act, a landmark stablecoin regulatory legislation.
According to an article published by the Senate Republic Cloakroom on X, Thune filed a motion to terminate debate on the bill and its bipartisan amendments on Monday.
Last month, lawmakers initiated the motion to end debate with a result of 66 votes in favor and 32 votes against, paving the way for further discussion on the bipartisan stablecoin bill. Leaders in the cryptocurrency space hailed the vote as a "historic" victory, which could help "ensure the dominance of the dollar."
In the upcoming vote, the bill must receive at least 60 votes to advance, which could pave the way for its swift passage.
Source: Bloomberg