Overview

• The Senate voted 68-30 to invoke cloture on the GENIUS Act, overcoming a filibuster and teeing up its final approval early next week.
• Senate Majority Leader John Thune says he plans to pass the bill within days before sending it to the House for expedited consideration.
• The bill cleared its cloture vote with bipartisan backing but some Democrats raised alarms over President Trump's crypto ventures and potential national security loopholes.
• The House is advancing the Digital Asset Market Clarity Act as a companion measure to establish broader crypto oversight.
• Major banks including Bank of America and U.S. Bancorp have signaled readiness to explore stablecoin issuance and services once federal guidelines are finalized.