ChainCatcher news, according to Eleanor Terrett, U.S. Senate Banking, Housing, and Urban Affairs Committee Chairman Tim Scott, along with Senators Cynthia Lummis, Thom Tillis, and Bill Hagerty, has jointly released principles for the structure of the cryptocurrency market, aimed at guiding future cryptocurrency legislation. The principles emphasize six key directions:Clearly define the legal status of digital assets, distinguishing between digital asset securities and commodities.Clearly allocate regulatory responsibilities to avoid the emergence of a single all-powerful regulator.Modernize regulation to promote innovation, including new exemptions for digital asset financing provided by the SEC.Protect the rights of digital asset traders by implementing innovation-friendly registration requirements for centralized intermediaries.Develop targeted and innovation-promoting anti-money laundering measures.Federal financial regulatory agencies should welcome responsible innovation and provide clear guidance.The principles particularly emphasize the protection of self-custody rights, distinguish between centralized and decentralized platforms, and recognize that tokenization is an evolution of financial infrastructure rather than a fundamental transformation.

ChainCatcher News: The U.S. Senate passed the GENIUS Act with a vote of 68 in favor and 30 against.

ChainCatcher message, according to market news, the U.S. Senate has obtained enough votes to pass the stablecoin bill, and the voting is still ongoing.

ChainCatcher news, Eleanor Terrett reports from the Senate Cloakroom that the U.S. Senate will hold a final vote on the GENIUS Act (S.1582) at 4:30 AM Beijing time on June 18 (4:30 PM Eastern time on June 17). The bill has completed the amendment process and, if passed, will be sent to the House of Representatives for consideration. This is the final round of voting for the bill in the Senate.

ChainCatcher news, according to Cointelegraph, the U.S. Senate plans to hold a final vote on the stablecoin GENIUS bill on June 17 local time, with the specific timing to be determined by the majority leader.

ChainCatcher news, according to The Block, the U.S. Senate passed the procedural motion (cloture) for the amendment to the "GENIUS Stablecoin Act" with a vote of 68 to 30, which will initiate full chamber debate and a final vote in the Senate. If the Senate passes the final vote, it will be submitted to the House of Representatives for further consideration.

ChainCatcher news, according to Bloomberg, Senate Majority Leader John Thune has submitted a motion to terminate debate on the GENIUS Act, which will be voted on Wednesday.According to an article posted by the Senate Republican cloakroom on X, Thune requested to terminate debate on the underlying bill—the "Guiding and Establishing American Stablecoin Innovation Act"—and its bipartisan amendments on Monday.Last month, lawmakers voted 66 in favor and 32 against to defeat the stablecoin bill and initiated the motion to terminate debate, a procedural tool that limits debate and forces a vote.

ChainCatcher news, according to Caixin, U.S. Senate Majority Leader John Thune has called for a crucial procedural vote on June 11 regarding stablecoin legislation. The legislative proposal has the support of the cryptocurrency industry and President Trump.

ChainCatcher news, according to Cointelegraph, the U.S. Senate is currently negotiating amendments to the bipartisan GENIUS Act, with a vote possibly taking place as early as June 9.

ChainCatcher news, according to CoinDesk, Wyoming Republican Senator Cynthia Lummis revealed at the Bitcoin 2025 conference that the GENIUS stablecoin bill has entered the final review stage in the Senate. The bill passed a procedural vote last week with over 60 votes, but faced setbacks due to opposition from Democratic leader Elizabeth Warren and some Republicans. If ultimately passed, this would be the first successful piece of legislation from the Senate Banking Committee in eight years.Lummis and her co-sponsor Kirsten Gillibrand (Democrat) have conducted extensive behind-the-scenes negotiations. Tennessee Senator Bill Hagerty pointed out that this would be the most bipartisan bill from the committee in over a decade, but criticized Warren for deliberately delaying the legislative process. Lummis admitted that the Senate has lost its "legislative momentum" and hopes to draw on the experience of the House's passage of the FIT21 bill last year to advance subsequent cryptocurrency market regulatory legislation.

ChainCatcher news, according to Cointelegraph, the chairman of the U.S. Senate Banking Committee's Digital Assets Subcommittee, U.S. Senator Cynthia Lummis, recently stated, "Digital assets represent the future, and we have a responsibility to ensure that the United States continues to lead this process."

ChainCatcher news, according to Eleanor Terrett, the GENIUS stablecoin bill ultimately passed the motion to end debate on the GENIUS stablecoin bill by a vote of 66 to 32, marking the official start of the bill's review process, but the bill itself has not yet been passed.

ChainCatcher news, FOX Business reporter Eleanor Terrett stated that the U.S. Senate voted to pass the "cloture motion" to formally consider the GENIUS Act, with at least 15 Democratic senators changing their positions to vote in favor, including Cortez Masto, Adam Schiff, Mark Warner, and others. The bill will now enter the full consideration process.

ChainCatcher news reports that, according to Punchbowl News, the U.S. Senate is expected to hold a key procedural vote on the stablecoin regulatory bill, the GENIUS Act, as early as the evening of May 19 local time. The bill, introduced by Senator Bill Hagerty, aims to require stablecoin issuers to hold safe and highly liquid assets as reserves and comply with anti-money laundering regulations.Although the bill previously received bipartisan support in the Senate Banking Committee, it failed to pass in the vote on May 8, primarily due to concerns from Democrats about the Trump family's connections to crypto assets. Currently, Senator Mark Warner and others are pushing for amendments to the bill in hopes of reaching a consensus between the two parties.

ChainCatcher news, according to crypto reporter Eleanor Terrett, the Senate has received a text of the bipartisan amendment to the stablecoin "GENIUS Act." According to two Senate sources familiar with the matter, the amendment includes new changes regarding consumer protection, bankruptcy, and ethics.