The Senate Banking Committee just sent a stablecoin bill to the full chamber for debate. The committee’s markup on the GENIUS Act was a key step in advancing a stablecoin bill, and the committee voted 18-6 to send the bill to the Senate floor, with five Democrats voting yes.
Stablecoin’s moment: The GENIUS Act and growing interest by banks, fintechs
Senate Banking Committee votes 18-6 to advance bill proposing clear regulatory framework for payment stablecoins.