The Senate is facing a second vote on the GENIUS Act, a bill aiming to establish U.S. regulations for stablecoins. The attempt comes after a previous vote failed due to concerns raised by Democrats about potential loopholes in the legislation. The revised bill includes restrictions preventing major tech companies like Meta from issuing their own stablecoins without explicit approval. However, key progressives remain unsatisfied, arguing that the new version doesn’t adequately address concerns regarding Trump-linked financial ties in crypto. 52 million Americans are calling on senators to stand with them and vote for the GENIUS Act. The Senate is voting on stablecoin legislation today. This vote is a KEY VOTE by SWC. 86% of the Senate’s votes went towards this bill. The Senate will decide whether to pass the GENIUS Act and bring clarity to crypto trading. For now, it’s unclear if the House will take action.