#GENIUSActPass GENIUS Act passed by the U.S. Senate on June 17, 2025:

1. Purpose

Establishes the first federal regulatory framework for U.S. dollar–pegged stablecoins .

2. Senate Vote

Passed on a strong bipartisan vote of 68–30 (18 Democrats joining Republicans) .

3. Reserve Rules

Mandates backing of stablecoins with one-to-one liquid assets (cash/Treasury bills) and monthly reserve disclosures .