U.S. Senate · May 21, 2025
Roll call 263 · 119th Congress, session 1
S. 1582 — GENIUS Act
A vote on whether to start debating something This decides only whether the chamber takes the measure up at all. Nothing about the measure itself has been decided when it passes.
Motion to Proceed Agreed to
69 yes 31 no
The Senate said yes
Needed a simple majority — more than half of those voting.
What was being voted on
119-S-1582 — GENIUS Act
This bill establishes a regulatory framework for the issuance and operation of payment stablecoins in the United States. It limits the issuance of these assets to "permitted payment stablecoin issuers," who must maintain a 1-to-1 reserve of highly liquid assets. The bill creates a system of federal and state oversight, requiring monthly certifications and annual audits for larger issuers. It also implements strict anti-money laundering and sanctions compliance standards for issuers.
