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According to Forbes reporter Eleanor Terrett, a bipartisan group of senators is nearing a consensus on the text of the GENIUS Act after several days of intense renegotiation, which could allow the bill's advancement process to continue. However, the text has not yet been finalized.


The Senate leadership is discussing the procedural path to resume consideration of the GENIUS Act, including the amendment process and motions for reconsideration. The goal (which may change) is to hold a final vote before the Memorial Day recess and before the reconciliation process begins; however, the timeline may be delayed depending on whether a procedural agreement can be reached with the Democrats.
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