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The GENIUS stablecoin bill has entered the final stage of consideration in the Senate, and Lummis admits that the legislative process is difficult
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 and co-sponsor Kirsten Gillibrand (...
2025-05-28 01:00:00
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