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Now, it’s time for the procedural wrangling around the GENIUS Act to begin in earnest inside the Senate. The bill is basically finalized at this point.

A big week (or two) for stablecoin reform

Recess, we hardly knew ye. Now, it’s time for the procedural wrangling around the GENIUS Act to begin in earnest inside the Senate.

The bill is basically finalized at this point. The original bill will be amended via this filing from Sen. Bill Hagerty (R-Tenn.). That amendment reflects changes resulting from bipartisan negotiations, which will be crucial for bringing along enough Democrats to overcome the Senate’s 60-vote threshold.

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