Senator Cynthia Lummis, Republican of Wyoming, revealed at the Bitcoin 2025 conference that the GENIUS stablecoin bill has entered the final stage of consideration in the Senate. The bill passed a procedural vote of more than 60 votes last week, but suffered setbacks due to opposition from Democratic leader Elizabeth Warren and some Republicans. If passed, it would be the first bill successfully legislated by the Senate Banking Committee in eight years.
Lummis conducted extensive behind-the-scenes negotiations with the team of co-sponsor Kirsten Gillibrand (Democrat). Tennessee Senator Bill Hagerty pointed out that this would be the most bipartisan bill in the committee in more than a decade, but criticized Warren for deliberately delaying the legislative process. Lummis admitted that the Senate has lost its "legislative muscle memory" and hopes to learn from the House's experience in passing FIT21 last year to advance subsequent crypto market regulation legislation.
The GENIUS stablecoin bill has entered the final stage of consideration in the Senate, and Lummis admits that the legislative process is difficult
2025-05-28 01:00:00
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
GENIUS 稳定币法案已进入参议院最后审议阶段 ，Lummis 坦言立法进程艰难Next article：
巴西政府发表声明称，决定延长钢铁行业的贸易保护措施。
