Internet reports that the US Senate is scheduled to hold a key vote on the GENIUS stablecoin bill on Thursday. The bill requires stablecoins to be fully backed by liquid assets such as U.S. dollars and short-term Treasury bonds. Because 60 votes are needed to pass, Republicans need to win Democratic support. At present, many Democratic senators have expressed opposition to insufficient regulations on foreign investment and anti-money laundering, and differences have also emerged within the Republican Party. At the same time, the Democratic Party is launching an investigation into Trump's connections to the cryptocurrency industry.