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The GENIUS Act, a key stablecoin regulation bill, is set for Senate debate as crypto lobbyists push for swift passage. Amendments on credit card fees, however, could delay the process.
- Crypto lobbying groups are actively supporting the GENIUS Act to ensure its swift passage.
- Amendments related to credit card fees could delay the bill's progress in the Senate.
- The Senate advanced the bill in a procedural vote on May 19, indicating strong legislative momentum.
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