PANews reports on May 15 that according to crypto journalist Eleanor Terrett, a bipartisan group of senators is close to reaching a consensus on the text of the GENIUS stablecoin bill after intense renegotiations over several days, which could potentially advance the bill's progress. However, the text has not been finalized yet. Senate leadership is discussing procedural paths to resume consideration of the GENIUS Act, including amendment procedures and motions to reconsider. The goal (subject to change) is to hold a final vote before the May 26 recess and before reconciliation procedures begin, though the timeline may be delayed depending on whether a procedural agreement can be reached with the Democratic Party.
