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Gate news report, the U.S. Senate voted 68 to 30 in favor of a proposal to amend the GENIUS coin stability law (. According to a report by The Block, the final vote on this law is expected to take place next Monday, and if the two parties reach an agreement to reduce the discussion time, the vote could be moved up.
Notably, the Senate previously tried to move forward with the bill in May, but passed the procedural motion again about a week later by a vote of 66 to 32. The essence of the bill includes requirements to reserve fully stablecoins in U.S. dollars or equivalent in highly liquid assets, as well as annual audits of issuers with a market capitalization of more than $50 billion.) #May CPI Incoming# #Tech Giants Eye Stablecoins# #Spot Bitcoin ETFs Top 1.1M BTC#