#GENIUSActPass Today marks a pivotal moment for stablecoins and crypto regulation. The U.S. Senate has passed the GENIUS Act with a 68–30 bipartisan vote, creating the first comprehensive federal framework for dollar-backed stablecoins such as USDC and USDT. This groundbreaking legislation mandates one-to-one reserves held in liquid assets (like U.S. dollars and Treasury bills), monthly audited disclosures, and strict AML/consumer protection rules for issuers—a response to concerns over Big Tech, foreign stablecoins, and conflicts of interest. It also prohibits members of Congress and executive officials from issuing stablecoins  .

Although critics like Senator Warren argue the bill lacks sufficient anti-corruption safeguards—especially regarding presidential exemptions—supporters say GENIUS represents a major milestone. It now moves to the House before reaching the President’s desk . With this countdown underway, the crypto world watches closely: will stablecoins gain clear, reliable regulation—and more mainstream adoption—before the deadline?