Gate News bot News: U.S. Senate members are deeply discussing the stablecoin regulation bill “GENIUS Act,” which is currently facing a series of amendment proposals. If passed smoothly, the bill is expected to be submitted for Senate review this weekend.
FOX Business reporter Eleanor Terrett stated that more than 60 amendments have been proposed so far, and they are currently at the center of negotiations between Senate Republicans and Democrats. Both sides are working to streamline the list of amendments to make it more manageable.
If an agreement cannot be reached quickly, the legislative process for the bill may slow down. Procedural delays could result in the final vote being postponed until next week. Lawmakers hope to avoid this, but it is not uncommon when dealing with such a large number of proposed amendments.
The specific content of the amendment has not been made public, but the immense attention indicates that it is of great significance. A compromise between the two parties is key to advancing the bill.
Source: CoinGape
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