Bitcoin

GENIUS Act Passes Cloture—Final Vote Expected This Week

The vote on the Caisse de la Act on engineering has just passed the US Senate, guaranteeing bipartite support for its new amendments. With these solidified changes, a successful vote by the end of the week is very likely.

Supporters like Senator Gillibrand have disapproved of President Trump’s crypto ventures, but stressed that the bill benefits the American economy. Other democrats can adopt a similar attitude towards this regulation.

The act of genius is now awaiting the Senate’s final vote

The law on engineering is a historical element of the proposed regulations of Stablescoin, but it is faced with some important obstacles. To resuscitate it, bipartite senators have introduced an amendment that would reassure the concerns of democrats of economic disturbance.

Today, the voting by the cup for these changes in the law on engineering has been adopted, which has implemented it for a major success. This means that any debate on a bill has now ended, and the Senate can now go to the final vote.

Voting the Stablecoin Act Genius bill
Genius Act adopts the voting on the cloud. Source: American Senate

The voting by the cup and the main vote (final adoption) in the American Senate serve different objectives, and the two are essential for a bill as the law on engineering becomes the law.

More specifically, today’s vote prevents an obstacle – a tactic used to delay or block legislation by prolonged debate.

Several senators have expressed their support and reservations for the Clot on the amendments of the Act on Engineering.

For example, Kristen Gillibrand, a Democratic Senator Pro-Crypto, spoke fervently to support the bill, but expressed his dissatisfaction with Trump’s involvement in the cryptographic industry. However, she ended up voting in favor of fence.

If this is how the showing of the fence took place, it is reasonable to assume that the law on genius receiveThe meal in his final vote. These changes were intended to strengthen democratic support, and they have been successful so far.

Even if some senators remain opposed to this modified version, it seems unlikely that they sufficiently influence their colleagues.

When will the act engineering receive the final approval?

Since the Clot invoked by the Senate earlier during the day, on June 11, the debate on the law on engineering will now be capped at 30 hours.

This establishes the oldest window possible for the final vote of the call on the bill to take place late Thursday, June 12, or perhaps in Friday, depending on the procedural calendar.

Most observers expect it to be “mid-4” on Wednesday to Thursday being the most likely calendar.

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