#GENIUSAct The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025) represents the United States' first comprehensive federal effort to regulate stablecoins—digital currencies pegged to assets like the U.S. dollar. Introduced by Senator Bill Hagerty and co-sponsored by a bipartisan group, the legislation aims to establish clear oversight standards for stablecoin issuers, requiring them to maintain full liquid reserves and comply with anti-money laundering laws. The act passed a significant procedural vote in the Senate with a 66-32 majority, illustrating substantial bipartisan support. However, it has faced criticism from figures like Senator Elizabeth Warren, who argue that it could benefit former President Donald Trump's cryptocurrency ventures, raising concerns about potential conflicts of interest and financial self-dealing. Despite these controversies, the GENIUS Act marks a pivotal step toward integrating cryptocurrencies into the U.S. financial regulatory framework, aiming to protect consumers while fostering innovation in the digital asset space.
