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Senate to Vote This Week on GENIUS Act Stablecoin Bill Backed by Trump, 16 Democrats

15 posts • GPT (4.1)

Updated Jun 10, 2025, 02:23 AM

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Senate Majority Leader John Thune filed cloture on the GENIUS Act on Monday afternoon, advancing the stablecoin-focused cryptocurrency bill toward key procedural votes in the Senate this week. The legislation, which requires 60 votes to proceed, has bipartisan support, including from 16 Senate Democrats.

The GENIUS Act and its bipartisan amendments previously cleared a 69-vote cloture hurdle several weeks ago. The latest cloture filing aims to resolve procedural delays, with final Senate votes expected as early as Wednesday and possibly extending to Thursday or next week.

The bill is backed by the crypto industry and supported by President Donald Trump. While Democrats have criticized Trump's involvement in the cryptocurrency sector, they have increasingly engaged with the industry and are participating in efforts to regulate stablecoins.

Key senators in the bipartisan effort include Roger Marshall, Josh Hawley, and Elizabeth Warren. The Circle IPO was also referenced in discussions about the activation of stablecoin networks.

More breaking stories on DeepNewz — updated live.

Cointelegraph

@Cointelegraph

🇺🇸 TODAY: Senate Majority Leader John Thune files cloture on GENIUS Act and bipartisan amendment, setting up for votes this week. The bill will require 60 votes to advance to the final passage.

MartyParty

@martypartymusic

IMO: They have the votes to pass the Genius Act IMO: Expect Genius Act to pass and ETF approvals to pass in days/weeks. Stable Coins and their networks are activating now that the @circle IPO has happened.

The Washington Times

@WashTimes

Democrats are drawing closer to the crypto industry despite Trump divisions

Mario Nawfal

@MarioNawfal

🇺🇸 DEMOCRATS WARM UP TO CRYPTO... EVEN AS THEY SLAM TRUMP While Democrats blast Trump’s crypto empire as blatant corruption, they’re quietly getting cozier with the industry themselves. 16 Senate Democrats backed new crypto legislation aimed at regulating stablecoins. The

Alex Thorn

@intangiblecoins

🚨 GENIUS ACT update Sen. Thune just filed cloture on substitute version of stablecoin bill (version w bipartisan amendments that led to the 69 vote cloture success several weeks ago) we now expect final senate votes to happen this wednesday, possibly bleeding to thursday

#Senate #John Thune #GENIUS Act #Senate Democrats #Donald Trump #Democrats #Trump #Roger Marshall #Josh Hawley #Elizabeth Warren #Circle IPO

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Sources

washingtontimes.com(4)bloomberg.com punchbowl.news politico.com

Cointelegraph

@Cointelegraph

🇺🇸 TODAY: Senate Majority Leader John Thune files cloture on GENIUS Act and bipartisan amendment, setting up for votes this week. The bill will require 60 votes to advance to the final passage.