#GENIUSActPass The GENIUS Act, officially the Guiding and Establishing National Innovation for U.S. Stablecoins Act, passed the U.S. Senate on June 17, 2025, with a bipartisan 68-30 vote, marking the first major cryptocurrency legislation to clear the Senate. It establishes a federal regulatory framework for stablecoins, digital assets pegged to the U.S. dollar, requiring issuers to maintain 1:1 reserves with liquid assets like cash or Treasury bills, comply with anti-money laundering laws, and prioritize consumer protections in case of issuer bankruptcy. The bill, led by Senator Bill Hagerty (R-Tenn.) and co-sponsored by Senators Tim