#GENIUSActPass The U.S. Senate approved the GENIUS Act on June 17, 2025, by a vote of 68-30, establishing the first federal framework to regulate stablecoins. The law requires 1:1 backing in liquid reserves, financial audits, and AML measures, in addition to prohibiting lawmakers from issuing stablecoins. Circle (USDC) is one of the main beneficiaries in a $240 billion market. The bill now moves to the House of Representatives, where adjustments are expected. The bipartisan approval highlights the intention to consolidate the U.S. as a leader in crypto innovation.