#USStablecoinBill The GENIUS Act, formally known as the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025, is a bipartisan U.S. Senate bill aimed at establishing the first comprehensive federal regulatory framework for stablecoins. Introduced by Senators Bill Hagerty (R-TN) and Kirsten Gillibrand (D-NY), the bill has garnered significant attention due to its potential impact on the cryptocurrency industry and its association with former President Donald Trump's family business interests.

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Key Provisions of the GENIUS Act

Issuance Requirements: Only "permitted payment stablecoin issuers" can issue payment stablecoins, which must be fully backed on a 1:1 basis with U.S. dollars or other approved high-quality liquid assets like Treasury bills.