The "GENIUS Bill" has been voted through a motion and is now entering the amendment process
BlockBeats News, May 22nd, according to crypto journalist Eleanor Terrett's report, the stablecoin "GENIUS Bill" passed the debate motion with 69 votes in favor and 31 votes against, entering the amendment process.
During the GENIUS Act legislative process, lawmakers from both parties engaged in a key game of chess on the stablecoin issue, with debate focusing on the possibility of tech giants issuing stablecoins, the business relationship between President Trump and the crypto industry, and the shortcomings of the bill in terms of anti-money laundering, among other aspects.