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Genius Law (Guiding and Creating National Innovation for the Stablecoin Law 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 that can be settled (E.G $).

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