US Senate votes to pass stablecoin GENIUS bill procedural vote The US Senate passed the GENIUS Act by a procedural vote of 68-30 local time on Wednesday, clearing the way for a final vote. The bill will undergo a final vote on Monday, unless Republican and Democratic leaders reach a time agreement to shorten the debate on the bill and advance the final vote. The bill requires stablecoins to have a full reserve of US dollars or equivalent liquid assets, and to conduct annual audits on issuers with a market value exceeding 50 billion US dollars. The House of Representatives has not yet conducted a full vote on the bill. The Senate and the House of Representatives must reach a consensus on their respective bills. The bills of the two houses have differences in the regulatory methods for issuers at the state and federal levels, as well as in the regulation of foreign issuers.