Internet reports that U.S. Senate Majority Leader John Thune has formally submitted a motion for closing debate on the GENIUS Act, which is scheduled to be voted on May 19. The stablecoin regulation bill requires that issuers with assets exceeding US$10 billion be supervised by the Federal Reserve, and small institutions be supervised by the state; all stablecoins must be fully supported by assets such as US dollars or treasury bonds. The latest bipartisan amendment proposes to add three provisions: 1) stricter rules for technology companies to enter financial assets;2) strengthening consumer protection mechanisms; and 3) strengthening supervision of government officials (including Musk and others). The House of Representatives has previously passed a similar STABLE Act, requiring issuers of stablecoins such as the USDT to operate fully transparently. If the bill is passed, it will become the first federal legislative framework for stablecoins in the United States. Senate sources revealed that the amendments include a clear ban on the abuse of FDIC insurance and strengthened bankruptcy protection provisions to win cross-party support. The result of this vote will directly affect the direction of U.S. supervision in the field of digital assets.