#GENIUSActPass

GENIUS Act Passed Senate – Legal Turning Point for Stablecoin and Crypto in the US”

On June 17, 2025, the US Senate approved the GENIUS Act by a vote of 68–30, marking the first legal framework for stablecoin . A significant step forward:

• 1:1 backing by USD or government bonds; requiring regular audits, separating collateral assets from operating assets .

• Only licensed entities (banks or non-banks) can issue stablecoins; the current market of USDT and USDC has a total capitalization of ~217 billion USD .

• Clear regulatory authority: OCC oversees federal institutions; state oversight for smaller entities.

• Banning algorithmic stablecoins; strict compliance with AML/KYC requirements.

The GENIUS Act moves to the House of Representatives, expected to reach the President's desk by the end of July. This is a strong signal supporting the “legalization” of stablecoin in the US.

📈 The bill lays the groundwork for institutional capital flow into crypto, especially in DeFi and NFT – sectors that heavily rely on stablecoin. This is not only a framework for stablecoin but also paves the way for transparency, safety, and sustainable growth of the entire industry.