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The U.S. Senate passed a procedural motion, and the GENIUS stablecoin bill has entered the formal review stage.
[The U.S. Senate passes procedural motion, GENIUS stablecoin bill enters formal review stage] FOX Business reporter Eleanor Terrett reported that the U.S. Senate voted to approve the "cloture motion" to bring the "GENIUS Act" into formal consideration, with at least 15 Democratic senators changing their stance to vote in favor, including Cortez Masto, Adam Schiff, Mark Warner, and others. The bill will now enter a comprehensive review process.