As President Donald Trump prepares to welcome the top investors in his meme coin to a private dinner, centrist Senate Democrats gave a different kind of gift to the crypto industry on Monday.

Two weeks after helping tank an earlier vote on the so-called stablecoin bill, a group of 16 Democrats voted with nearly every Republican to push the bill past a filibuster threat.

While supporters said the bill would give clarity to an industry that has operated in a legal gray zone, critics warned that stablecoins pose a threat to the larger financial system. They also questioned why Democrats were giving Trump a victory on a bill that could enrich the president himself.

“We need a unified Democratic opposition. We need Democrats zeroing in on the GOP plan, and not muddying the message by getting behind an unrelated, corruption-friendly crypto bill this week instead,” Ezra Levin, co-executive director of the progressive group Indivisible, said in a statement.

Crypto Flip-Flop

The Senate’s vote for cloture on the GENIUS Act represented an industry win after a setback only 11 days before.

Stablecoins are supposed to represent one of the safest sectors of the cryptocurrency industry. In theory, dollar-denominated stablecoins are backed 1:1 by sound assets such as U.S. Treasury bills. Supporters say stablecoins could be used to make sending payments easier and cheaper. Critics say that, so far, their use cases have more often lain in buying other crypto assets and evading money-laundering laws.