WASHINGTON - The Senate held a bipartisan vote on Monday two weeks after each Senate Democrats jointly blocked the two games, introducing a major cryptocurrency bill.

A procedural vote on the Genius Act (which will create the first regulatory framework for issuers of stablecoins, digital tokens pegged to fiat currencies such as Dollar - is 66-32. Sixteen Democrats voted in favor of the majority of Senate Republicans coming up with the bill. Two Republicans, Rand Paul of Kentucky and Jerry Moran of Kansas, voted against it.

The bill needs to cross the 60-vote threshold for promotion to the final passage of the Senate, with Republicans holding three majority seats.

In a group of bipartisan negotiators - SSINS. BillHagerty, R-Tenn; Cynthia Lummis of R-Wyo; Mark Warner, D-Va. Kirsten Gillibrand, dn.y. ; Angela Alsobrooks, D-Md. ; and Ruben Gallego of D-Ariz. - A deal was reached late last week that amended the key points of Democrats.

The amendment circulated by Democratic negotiators over the weekend has been obtained by NBC News, including new changes to consumer protection protections and restrictions on tech companies that issue Stablecoins, and extends ethical standards to special government employees, which will temporarily apply to Elon Musk and Tech Entrepreneur David Sacks.

In exchange for a vote on the amendment, Democrats involved in the negotiations said they were committed to supporting the Genius Act even if the amendment failed.

Senate Republicans are not mandatory to support the amendment, but the updated changes may allow more Democrats to go beyond the core groups involved in the negotiations.

The bill hit a barrier two weeks ago when Democrats and two Republicans - Rand Paul of Kentucky and Josh Hawley of Missouri blocked the bill's progress, demanding stronger national security and anti-currency money laundering rules.

Senate Majority Leader John Thune, Rs.D.

"It's really hard to understand why we need to wait another 11 days before Democrats finally agree to move," Thun said on Monday, adding that he hopes the Senate won't vote on the final pass before Memorial Day furlough.

The Trump family has cryptocurrencies with the world's free finance and President Donald Trump's dinner for the top holders of his meme coins has exacerbated Democrats' concerns. (Meme coins are different from stable coins because they usually get value from internet culture, not from basic utilities or assets.) However, there is no provision in the negotiation amendment to prohibit Trump and his family from continuing his cryptocurrency.

The bill text includes a provision that would “ban members of Congress or senior executive officers from issuing payment Stablecoin products during public service.”

Some Democrats think it needs to be stronger.

Senator Elizabeth Warren, the top Democrat of the Banking Committee. "Congress should not choose to make the president serious corruption."

Several Senate Democrats have also proposed bills targeting cryptocurrency businesses from the Trump family to prevent the president from potentially profiting from the deal.

For example, Senator Michael Bennet plans to provide legislation called the "Stability Act," which would prevent elected officials and federal candidates from issuing or endorsing digital assets as an amendment to the Genius Act.

Democrats are expected to vote on the bills this week, but they are unlikely to go anywhere in a Republican-controlled conference hall.

Senate Minority Leader Chuck Schumer (DN.Y.) According to people familiar with her comments, Warren expressed concerns about the bills on the phone.

While some Democrats like Warren say they would not be able to vote for the bill without stronger rules that limit Trump’s profitability from digital assets, others (Warner, for example) believe Congress can no longer sit on the sidelines of the evolving cryptocurrency space.

“Many senators, including myself, use crypto technology to evade supervision by the Trump family, hide shady financial dealings and sacrifice everyday American profits, are very concerned about the use of the Trump family,” Warner, who voted to advance the Genius Act, wrote in a statement Monday.

He added: "But we can't let this corruption blind us to the broader reality: Blockchain technology will stay here. If American lawmakers don't shape it, others will - not in a way that serves our interests or democratic values."

If the Senate finally passes the Genius Act, the future of the House is not very clear, where there are different bills to regulate Stablecoin issuers. Cryptocurrency advocates believe Congress should also pass legislation to determine regulatory treatments for digital assets and digital asset securities.

“If Congress passes the bill, if Congress passes the bill, it’s Americans who want to get payments faster and easier,” said Kara Calvert, vice president of public policy at cryptocurrency exchange Coinbase. “It’s transformational technology, so passing this bill is a win for them. It’s not just a win for industry or political candidates.”