#GENIUSActPass On June 17 2025, the U.S. Senate approved the bipartisan GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins) by a 68–30 vote . It establishes the first federal stablecoin framework in America—mandating 1:1 backing with cash or Treasuries, monthly audits for large issuers, anti‑money‑laundering controls, and consumer protections . The law targets non‑bank stablecoin issuers, excludes conflicting officials (with some exceptions), and paves the way for banks and major corporations to issue stablecoins . Next: House review and presidential signature. For crypto, this is a major step toward clarity, safety, and mainstream adoption.

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