#GENIUSActPass The GENIUS Act, which stands for Guiding and Establishing National Innovation for U.S. Stablecoins Act, has passed the U.S. Senate with a vote of 51-23. This bipartisan bill aims to establish a regulatory framework for fiat-backed stablecoins, providing clarity and stability to the digital asset industry.

*Key Developments:*

- *Passage in the Senate*: The GENIUS Act was passed on June 17, 2025, with support from 51 senators, surpassing the simple majority threshold.

- *Next Steps*: The bill will now move to the House of Representatives for further consideration.

- *Regulatory Framework*: The GENIUS Act establishes a regulatory framework for payment stablecoins, ensuring issuers redeem them for a fixed value.

- *Bipartisan Support*: The bill received support from both Republican and Democratic senators, indicating growing bipartisan consensus on stablecoin regulation ¹ ².

*Implications:*

- *Stablecoin Industry*: The GENIUS Act provides much-needed clarity and stability to the stablecoin industry, potentially paving the way for global expansion.

- *Digital Asset Market*: The bill's passage may positively impact the digital asset market by providing a clear regulatory framework ².