The U.S. Senate will vote on the stablecoin bill on Thursday, with bipartisan disagreements remaining

According to ChainCatcher news and The Block report, the U.S. Senate is set to hold a key vote on the GENIUS stablecoin bill on Thursday. The bill requires stablecoins to be fully backed by liquid assets such as U.S. dollars and short-term government bonds. With 60 votes needed for passage, Republicans must seek support from Democrats. Currently, several Democratic senators have expressed opposition due to concerns over foreign asset regulation and insufficient anti-money laundering provisions, and there are also divisions within the Republican Party. Meanwhile, Democrats are investigating the connections between Trump and the cryptocurrency industry.