#GENIUSActPass Yes, the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins Act) has passed the U.S. Senate.

The Senate voted to advance the bill on May 19, 2025, with a 66-32 vote. More recently, on June 17, 2025, Senator Bill Hagerty, who introduced the legislation, expressed strong confidence that the Senate would pass the final bill, and reports indicate it did pass later that day.

This bill is a significant step towards federal regulation of stablecoins in the United States. It aims to:

* Federally regulate stablecoins: Mandating that stablecoin issuers fully back their tokens with U.S. Treasury or dollar equivalents.