Though concerns about the Trump family’s connections to World Liberty Financial’s stablecoin shadowed debate on the GENIUS Act, the bill is closer to passing the Senate.
Lawmakers in the US Senate are scheduled to consider a vote on the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, after a majority chose to invoke cloture for the bill.
According to a Thursday notice from Senate Democrats, the full chamber will vote on the GENIUS Act on Tuesday, June 17.
The floor vote will follow senators proposing a variety of amendments to the bill, including one to address elected officials and their families potentially profiting through connections to the crypto industry.
