Sources: A bipartisan group of senators is close to reaching consensus on the GENIUS bill text

According to encryption journalist Eleanor Terrett, a group of senators from both parties is close to reaching a consensus on the text of the stablecoin GENIUS bill after days of intense renegotiation, which could allow the bill's progress to continue. However, the text has not yet been finalized. The Senate leadership is discussing the procedural path for resuming the review of the GENIUS Act, including the amendment process and the motion for reconsideration. The goal (which may change) is to hold the final vote before the May 26th recess and the start of the settlement process, but the schedule may be postponed due to whether a procedural agreement can be reached with the Democratic Party.