Stablecoin legislation advanced on the Senate floor Monday in an early win for the crypto industry, but the bill is expected to face a lengthy amendment process that will likely push a final vote

The Senate voted 66-32 Monday evening to advance first-of-its-kind legislation to regulate “stablecoins,” a kind of cryptocurrency. Democrats had initially voted to block the bill earlier this month amid concerns over President Donald Trump’s cryptocurrency deals.

The Senate's version of a stablecoin regulation bill cleared a key procedural hurdle Monday as the Senate voted 66-32 to invoke cloture on the legislation. A final vote on the Senate floor is expected within weeks.

Still, the party’s progressive wing led by Elizabeth Warren, the top-ranking Democrat on the Senate Banking Committee, remained vehemently opposed. During the Tuesday night vote, Warren and Gillibrand engaged in a heated argument on the Senate floor.

Sen. Warren, the ranking member of the Banking Committee, is on the opposing side of the so-called GENIUS Act.