#GENIUSActPass
🚨 GENIUS Act Passes Key Senate Vote – Crypto World Rejoices! 🔥
US Senate Greenlights Landmark Stablecoin Framework
On June 17, 2025, the U.S. Senate passed the GENIUS Act—short for Guaranteeing and Enabling National Innovation for US Stablecoins—by a decisive 68–30 vote, marking the first major federal stablecoin legislation in history coingape.com+12decrypt.co+12youtube.com+12coinfomania.com+1ccn.com+1.
This act establishes a federally regulated licensing regime for stablecoin issuers—requiring full dollar reserves, AML compliance, audits (especially for issuers >$50B), and robust consumer safeguards coinpedia.org+2coinfomania.com+2cryptorank.io+2. It explicitly bars Big Tech companies like Meta, Amazon, Google (and even mentions conflicts like Elon Musk) from issuing or holding stablecoins, reinforcing banking-commercial separation coinpedia.org+2coinstats.app+2beincrypto.com+2.
💼 Why This Matters
Stabilizes the crypto ecosystem by imposing transparency and trust. Strengthens the U.S. dollar’s global position through anchor mechanisms in blockchain—boosting demand for Treasuries coinfomania.com+8beincrypto.com+8coinstats.app+8. Opens the door to multi-trillion-dollar institutional inflows, as crypto firms and banks can now launch compliant stablecoins
Next Steps
House Vote Ahead – The bill now moves to the House, where debate may delay it. Senate leaders aim for completion by July 4, but timelines could extend thecryptobasic.com+2decrypt.co+2cryptorank.io+2. Regulator Implementation – Once signed by the President, regulatory bodies like the Treasury, Fed, OCC will draft licensing standards and define issuer qualifications coinfomania.com+1coinpedia.org+1. Market Response – Expect major banks (e.g. JPMorgan, Société Générale) and tech-savvy institutions to push ahead with regulated stablecoin products cryptonews.com+8ccn.com+8coinpedia.org+8.
