#USStablecoinBill

Genius Law (Guiding and Establishing National Innovation for the Stablecoins Act in the United States of 2025): The bill (S. 919) was reported by the Senate Committee on Banking, Housing, and Urban Affairs on March 18, 2025. It aims to create a regulatory framework for payments, defining them as digital assets issued for payment or settlement purposes (E.G $).

It specifies the requirements for issuing stablecoins, the payment process, and the application and approval process. An application that is not acted upon within 120 days will be deemed approved.