en.coinotag.com
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The US Senate has taken a significant step toward regulating stablecoins with the passage of the GENIUS Act, garnering bipartisan support that could reshape the financial landscape.
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This move highlights a growing consensus among lawmakers, indicating a shift in the narrative surrounding cryptocurrency regulation as stablecoins continue to gain mainstream traction.
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According to Eleanor Terrett from Crypto In America, the bill’s passage is seen as a historic win for the crypto industry amidst a backdrop of legislative uncertainty.
The US Senate’s approval of the GENIUS Act marks a pivotal moment in stablecoin regulation, potentially bringing significant changes to the digital finance sector.
GENIUS Act Clears Cloture Vote
The highlight of the cloture vote was that sixteen Democrats shifted their support to favor the bill, a substantial development in the GENIUS Act’s legislative journey.
Last thing — here’s the list of sixteen Dems that flipped their votes to yes:
1. Alsobrooks
2. Hassan
3. Warner
4. Schiff
5. Padilla
6. Slotkin
7. Blunt-Rochester
8. Cortez Masto
9. Fetterman
10. Gallego
11. Gillibrand
12. Heinrich
13. Lujan
14. Ossoff
15. Rosen
16. Booker
— Eleanor Terrett (@EleanorTerrett) May 20, 2025