The U.S. Senate will vote on the GENIUS stablecoin bill this Wednesday

ChainCatcher news, according to Bloomberg, Senate Majority Leader John Thune has submitted a motion to terminate debate on the GENIUS Act, which will be voted on Wednesday.

According to an article posted by the Senate Republican cloakroom on X, Thune requested to terminate debate on the underlying bill—the "Guiding and Establishing American Stablecoin Innovation Act"—and its bipartisan amendments on Monday.

Last month, lawmakers voted 66 in favor and 32 against to defeat the stablecoin bill and initiated the motion to terminate debate, a procedural tool that limits debate and forces a vote.