#MyTradingStyle The United States Senate approved today, June 17, 2025, the GENIUS Act aimed at regulating stablecoins, with a vote that represented a rare success: 68 votes in favor and 30 against, in a show of bipartisan support.

The law imposes several requirements on coin issuers:

Ensure that each stablecoin is backed 1:1 by liquid assets such as the dollar or Treasury bonds

Publish monthly reports on the composition of financial reserves

Prohibit the combination of stablecoin issuers and unsecured banks from offering transfer or custody services without oversight

The law now moves to the House of Representatives, which is controlled by Republicans, and will then be sent to President Trump for final signature.