#GENIUSActPass

#GENIUSActPass by the U.S. Senate signifies a pivotal moment for the cryptocurrency sector. Formally known as the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, the bill was approved by the Senate on June 17, 2025, with a significant vote of 68–30, showcasing a rare instance of bipartisan consensus.

This legislation introduces the inaugural federal regulatory framework for USD-pegged stablecoins. It requires 1:1 liquid reserves, regular audited disclosures, stringent anti-money-laundering measures, and restrictions on nonfinancial and foreign issuers—along with a prohibition on lawmakers from issuing such coins—while notably exempting the president. This initiative is a strategic effort to maintain the U.S. dollar's supremacy in digital transactions and to encourage safe innovation within financial ecosystems.

Proponents view GENIUS as a means to legitimize a $240 billion stablecoin market, facilitating adoption by traditional banks, fintech companies, and retailers such as Amazon and Walmart. The act aims to enhance the speed and transparency of digital payments—heralding what Senator Hagerty referred to as “a new era of payments.”

Opponents, including Senator Elizabeth Warren, contend that the protections offered by the act are insufficient and raise concerns regarding loopholes that could permit involvement from presidential family members. Nevertheless, the #GENIUSActPass moves forward to the House and, if it receives approval, could be presented to the president by August.

This development represents more than just legislative advancement—it signifies a redefinition of U.S. financial sovereignty in the digital era. The next phase involves shaping the stablecoin landscape in a manner that aligns with innovation, oversight, and global competitiveness.