๐ง ๐๐๐๐๐๐ ๐ผ๐๐ฉ ๐๐๐จ๐จ๐๐จ: ๐ผ ๐๐๐ข๐โ๐พ๐๐๐ฃ๐๐๐ง ๐๐ค๐ง ๐๐ฉ๐๐๐ก๐๐๐ค๐๐ฃ ๐๐๐๐ช๐ก๐๐ฉ๐๐ค๐ฃ
On Juneโฏ17,โฏ2025, the U.S. Senate passed the bipartisan GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) with a 68โ30 vote . This groundbreaking legislation introduces the first-ever federal framework for stablecoinsโrequiring issuers to back coins 1:1 with liquid assets like U.S. dollars and Treasuries, enforce monthly disclosure of reserves, and adhere to antiโmoney-laundering protocols .
Backed by leaders like Senate Banking Chair Tim Scott and sponsor Bill Hagerty, the act earned support from Republicans and 18 Democrats, though criticsโincluding Senators Elizabeth Warrenโwarn of loopholes tied to Big Tech and possible conflicts involving the President .
Now headed to the House, the GENIUS Act marks a pivotal step toward legitimizing digital assetsโushering in faster payments and stronger consumer protections while signaling major momentum for cryptocurrency regulation in the U.S.