Internet reports that the "Stabiloin National Innovation Guidance and Establishment Act (GENIUS Act)" promoted by Senators Bill Hagerty and Kirsten Gillibrand is expected to be debated and passed in the Senate as soon as next week. "Next week, the Senate will go down in history when we debate and pass the GENIUS bill, which will establish the first growth-friendly regulatory framework for payments stablecoins," Hagerty said. Gillibrand called it "a truly bipartisan effort to develop the bill" and emphasized that it included "strong consumer protections." Although it had previously failed to pass a vote on a "close debate motion", the bill has entered the latest draft stage, with the text adjusted to meet Democratic concerns about consumer protection and national security. The draft clarifies that large listed companies such as Meta will not be approved to issue stablecoins. The Senate will vote again next Monday, requiring 60 votes to formally start the debate. The House is also moving forward with its own version, which will need to be integrated and signed into law by President Trump.