Fact Check: Eighteen Democratic senators supported the GENIUS Act, aligning with the Republican majority in the Senate, which has a composition of 53 Republicans and 47 Democrats.

Fact Check: Eighteen Democratic Senators Supported the GENIUS Act

What We Know

The claim states that "Eighteen Democratic senators supported the GENIUS Act, aligning with the Republican majority in the Senate, which has a composition of 53 Republicans and 47 Democrats." The GENIUS Act, formally known as the Guiding and Establishing National Innovation for U.S. Stablecoins Act, was advanced by the Senate Banking Committee with a vote of 18-6, which included support from five Democratic senators (source-1).

The legislation is co-sponsored by Senators Bill Hagerty (R-Tenn.), Tim Scott (R-S.C.), Kirsten Gillibrand (D-N.Y.), Cynthia Lummis (R-Wyo.), and Angela Alsobrooks (D-Md.) (source-1). However, reports indicate that while five Democrats supported the bill in committee, the broader Democratic caucus did not support the bill when it was brought to the Senate floor, with many expressing concerns about its provisions (source-2).

Analysis

The assertion that "eighteen Democratic senators" supported the GENIUS Act is misleading. While it is true that the bill advanced out of committee with the support of five Democratic senators, the claim exaggerates the level of Democratic support. Reports indicate that when the bill was later brought to the Senate floor, every Senate Democrat voted against it, including those who had previously supported it in committee (source-2).

The sources claiming that "eighteen Democratic senators" supported the legislation appear to lack credibility. For instance, one source (source-5) seems to misinterpret the committee vote as indicative of broader support, which is not accurate. The context of the committee vote does not translate to the full Senate, where the dynamics changed significantly.

Conclusion

The claim that "eighteen Democratic senators supported the GENIUS Act" is False. The accurate information indicates that only five Democratic senators supported the bill during its committee stage, and the majority of Senate Democrats opposed it when it was presented for a full Senate vote. This misrepresentation of support could lead to confusion about the level of bipartisan agreement on the legislation.

Sources

1. FACT SHEET: The GENIUS Act Protects Consumers
2. Majority Leader | Research | The Leader Board | THE NEWSR...
3. Thune: Senate to Vote on the Bipartisan GENIUS Act
4. Home - U.S. Senate Daily Press
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