U.S. Senate Banking Committee Advances GENIUS Act with Bipartisan Support
- The GENIUS Act passed the Senate Banking Committee by an 18-6 vote.
- Five Democrats joined Republicans to support the bill’s advancement.
- Key Democratic supporters include Angela Alsobrooks, Mark Warner, Andy Kim, Lisa Blunt Rochester, and Ruben Gallego.
- The bill’s sponsor, Bill Hagerty, aims for a full Senate vote by the end of April.
- Elizabeth Warren’s proposed amendments were rejected along party lines.
The GENIUS Act received strong bipartisan support in the Senate Banking Committee with an 18-6 vote. Key Democrats and Republicans collaborated to advance the legislation, aiming for a full Senate vote soon. Elizabeth Warren’s amendments were not adopted.
Source (2.6)https://decrypt.co/309932/senate-stablecoin-bill-passes-out-of-committee-with-strong-bi-partisan-support?rand=52368
