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, according to zoomer, based on the latest version of the "Genius Stablecoin Act: UNCHAINED," Tether will fall under U.S. jurisdiction regardless of its location.