
rick awsb ($people, $people)|Jun 11, 2025 19:56
The stablecoin genius act is going further in the Senate!
The revised GENIUS Act received over 60 votes in the United States Senate, initiating a motion to close the debate on the revised version of the bill (to prevent obstruction of proceedings),
After the motion to terminate the debate is passed, Senate rules allow for up to 30 hours of additional debate time (referred to as "sitting time") before a final vote can be taken. This time period is expected to end on Monday or Tuesday
After 30 hours (next Monday and Tuesday), the Senate will conduct a final vote on the revised GENIUS Act. Unlike the 60 votes required to terminate the debate, the final approval usually only requires a simple majority (50 or more votes are needed to pass)
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