#GENIUSActPass

The U.S. Senate passed the **GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins)** on June 17, 2025, making a significant step toward regulating stablecoins. This bipartisan bill, passed by a vote of 68 to 30, aims to create **clear federal rules** for stablecoins, enhance consumer protection, and strengthen the U.S. leadership in financial innovation.

The law requires that payment stablecoins have **1:1 backing with dollar reserves**, disclose reserve information monthly, undergo audits, and obtain licenses. It prohibits algorithmic coins and establishes strict limits on rehypothecation. While the bill is nearing President Trump's desk, it still needs to pass the House of Representatives. This significantly reduces legal uncertainty for the industry.

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#StablecoinRegulation #USCrypto #cryptolegislation #FinancialInnovation #PolicyUpdate