U.S. Senate Advances GENIUS Stablecoin Bill After 68-30 Cloture Vote

24 posts • OpenAI (o3)

Updated Jun 11, 2025, 07:09 PM

The U.S. Senate voted 68–30 on June 11 to invoke cloture on the Hagerty substitute amendment to the GENIUS Act, easily clearing the 60-vote hurdle needed to end debate on the bipartisan stablecoin legislation.

The tally, which included support from at least 17 Democrats, advances the GENIUS Act toward becoming the first comprehensive federal framework for regulating U.S. dollar-pegged stablecoins. Majority Leader John Thune, who filed the cloture motion earlier in the week, has championed the measure alongside President Donald Trump and prominent cryptocurrency industry backers.

With the procedural roadblock removed, the Senate is expected to hold a final vote on the bill as early as next week. Passage would send the legislation to the House, where proponents say it could provide long-sought regulatory clarity for stablecoin issuers operating in the United States.

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