#GENIUSAct The United States Senate approved by 66 votes to 32 the advancement of the GENIUS (Guiding and Establishing National Innovation for US Stablecoins Act) bill, which establishes specific regulatory guidelines for the stablecoin sector. The proposal, presented by Senator Bill Hagerty of the Republican Party of Tennessee, will still undergo amendments before the final vote.

With the aim of creating a standardized federal framework, the text requires stablecoin issuers to maintain fully collateralized reserves, publish monthly reports on their reserves, and be audited annually. The requirement applies to projects with a capitalization exceeding US$ 50 billion.

Another central point of the bill is the limitation of algorithmic stablecoins, which would be prohibited under the new rules. Large technology companies would also be prevented from issuing this type of asset unless they meet strict financial security and consumer privacy requirements.