Senate Advances Stablecoin Bill as GENIUS Act Nears Final Vote

June 11, 2025

Catenaa, Thursday, June 12, 2025-The US Senate voted 68-30 on Wednesday to invoke cloture on the Guiding and Establishing National Innovation for US Stablecoins Act, or GENIUS Act, moving the legislation closer to final passage early next week. The bill would require all stablecoins to be fully backed by US dollars or similarly liquid assets. […]