Forbes: A bipartisan group of senators is close to reaching a consensus on the text of the GENIUS Act

2025-05-15 04:11:09

Abstract generation in progress

[Forbes reporter: A bipartisan group of senators is close to reaching a consensus on the text of the GENIUS Act] According to Forbes reporter Eleanor Terrett, a bipartisan group of senators is nearing a consensus on the text of the GENIUS Act after several days of intense renegotiation, which may allow the advancement of the bill to continue. However, the text has not yet been finalized. The Senate leadership is discussing the procedural path to resume consideration of the GENIUS Act, including amendment procedures and motions for reconsideration. The goal (which may change) is to hope to hold a final vote before the Memorial Day recess and before the reconciliation process begins, although the timeline may be delayed depending on whether a procedural agreement can be reached with the Democrats.

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