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04:53

Bloomberg: The U.S. Senate will vote on the GENIUS stablecoin bill this Wednesday.

Gate News bot message, U.S. Senate Majority Leader John Thune is prepared for a key procedural vote on the GENIUS Act (a landmark piece of stablecoin regulatory legislation) on Wednesday. According to an article published by the Senate Republican Cloakroom on X, Thune submitted a motion to end debate on the bill and its bipartisan amendments on Monday. Last month, lawmakers initiated the motion to end debate with a vote of 66 in favor and 32 against, paving the way for further discussion on the bipartisan stablecoin bill. Leaders in the crypto assets space hailed the vote as a "historic" victory that could help "ensure the dominance of the dollar."
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