#GENIUSActPass The U.S. Senate passed the GENIUS Act on June 17, 2025, with a 68–30 vote, establishing a federal framework for stablecoins—cryptocurrencies pegged to the U.S. dollar. The bill mandates that issuers maintain full reserves in liquid assets like U.S. dollars or Treasury bills and disclose reserve compositions monthly. Annual audits are required for issuers with over $50 billion in market capitalization. It also prohibits misleading marketing and allows issuers to choose between federal or state-level oversight. The bill now awaits consideration in the House of Representatives before potentially reaching President Trump's desk

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