#GENIUSActPass The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) was passed by the U.S. Senate on June 17, 2025, with a strong bipartisan vote of 68–30 . It marks the first-ever federal regulatory framework for stablecoins, targeting key areas like:
1:1 Reserve Requirements — Stablecoin issuers must back tokens with U.S. dollars or Treasuries, subject to monthly audits .
Issuers & Consumer Protection — Banks and approved firms can issue stablecoins, which must comply with anti-money laundering laws and safeguard consumers in bankruptcy .
No profiteering by lawmakers — Congress members and families are barred from earning off stablecoin ventures, but the exemption for the President and family sparked criticism .
Why it matters:
It brings clarity and trust to digital dollar alternatives, potentially enabling faster, cheaper payments and encouraging institutional adoption .
The crypto industry hails it as a major milestone, though critics worry about conflicts of interest, especially tied to the Trump family's crypto holdings .
What’s next:
The bill is now with the House of Representatives, which may merge it with companion legislation (like the STABLE Act or CLARITY Act) or make amendments .
If approved by the House and signed by President Trump, it could become law by late summer or early fall 2025 .
In short, #GENIUSActPass celebrates a bipartisan breakthrough toward anchoring U.S. stablecoin regulation, with major implications for payments, financial innovation, and crypto oversight.
