The U.S. Stablecoin law transitions from draft to implementation.
The U.S. Congress officially passed the GENIUS bill.
On June 17, 2025, the U.S. Senate voted unanimously with 68 votes in favor and 30 against to pass the U.S. Stablecoin National Innovation Directive and Establishment Act (GENIUS Act). This is a significant step in shaping the regulatory framework for stable currency cryptocurrencies, aimed at promoting the sustainable development of the cryptocurrency market in the U.S.
The way forward for the GENIUS bill.
Under high expectations, this bill will move to the House for further consideration and gradually be legislated. The Trump administration emphasized the role of digital assets and the cryptocurrency market in the long-term economic development strategy.
“With the GENIUS bill, we bring clarity to an industry that has been obscured by many challenges, proving that bipartisan leadership can still produce tangible results for the people. This is not coincidental,” said Tim Scott.
The Stablecoin market is poised to explode thanks to the GENIUS bill.
New introduction of a clear legal framework for Stablecoins.
After the Senate's victory, the GENIUS bill opens up possibilities for transparent regulation, helping to promote the standardization and widespread acceptance of Stablecoins in the U.S. market. Once this bill is passed by the House and signed into law, the digital dollar will easily become a key component of the national financial system.
Potential impact on the cryptocurrency market.
According to experts, the Stablecoin market is expected to reach a value of approximately $3.7 trillion by the end of this decade. Notably, the bill facilitates the U.S. Treasury to promote fundraising from organizations such as JPMorgan.
“A thriving stablecoin ecosystem will create a high demand for government bonds, thereby reducing borrowing costs and controlling national debt,” emphasized Scott Bessent.
Impact of traditional banks.
JPMorgan has pioneered the implementation of the on-chain stablecoin JPMD based on Ethereum L2 Base, with direct support from Coinbase Global. This action opens a new era for the convergence between traditional banking and the cryptocurrency market.
These legal advancements not only bring the necessary transparency to the Stablecoin market but also initiate a wave of cryptocurrency acceptance in the U.S. financial system, moving towards a post-pandemic digital economy.
Source: https://tintucbitcoin.com/dau-tu-tien-dien-tu-ke-ben-ha-vien/
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