The House put the bill to a vote, with 68 votes in favor and 30 against, approving the procedure to move the bill to the formal debate and voting stage in the plenary session.
Senate Majority Leader John Thune
"The GENIUS Act will position the United States as the 'global leader in cryptocurrencies,'" Senator Thune said in a Senate speech on the day.
"This is a core bill to make the US the 'capital of the world,'" he said, urging lawmakers to support the bill. This message is in line with President Trump's recent series of statements in support of the cryptocurrency industry.
"We want to bring crypto assets into mainstream finance, and the GENIUS Act will make that goal a reality," Thune said.
Some Democratic lawmakers also voted in favor of the measure, but Elizabeth Warren
Senator Warren criticized the bill, saying, "The bill is moving forward without sufficient discussion of the core issues."
The Chairman of the Board of Directors of the Company and his family invited major investors of the cryptocurrency platform "World Liberty Financial" and the cryptocurrency "TRUMP" to a dinner party.
"The GENIUS Act, if passed by the Senate, will be sent to the House of Representatives for further review and voting procedures," he said.
Currently, Republicans hold a slim majority in the Senate, but some Democrats continue to push for amendments, making it unclear whether the bill will pass the full House.
2025/06/12 12:39 KST
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