BlockBeats News, June 2nd, FOX Business reporter Eleanor Terrett stated that as negotiations on amendments heat up, the U.S. Senate is preparing for a potential vote on the "GENIUS Act." A recent poll has increased pressure on U.S. lawmakers to act swiftly.
The U.S. Senate is set to return to work on Monday, with a vote scheduled for 5:30 p.m. Eastern Time on a Defense Department nominee by Trump. However, the real focus is behind the scenes: lawmakers are pushing for bipartisan cooperation between the U.S. Republican and Democratic parties on the "GENIUS Act" (a stablecoin legislation), with Republican leaders hoping the bill will pass the Senate this week.
According to sources familiar with the matter, the bill's sponsors are working to reach a "unanimous consent agreement" to facilitate rapid votes on a series of amendments without having to initiate the full cloture process.
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