The Senate voted 68-30 to advance the GENIUS Act, despite objections from Senator Elizabeth Warren, who slammed the bill for ignoring key amendments and failing to address risks.
Majority Leader John Thune, echoing President Trump’s pro-crypto rhetoric, touted the bill as a step toward U.S. dominance in digital assets.
But Warren highlighted Trump’s conflicts of interest, including his family’s crypto platform and memecoin promotions.
The bill now heads toward a full vote, while the House prepares its own crypto legislation, the CLARITY Act. Critics argue the rush to regulate risks overlooking systemic concerns.
