GENIUS Act Clears the Senate—Crypto Enters the Legislative Big Leagues 🚀
In a bipartisan 68-30 vote on June 17, 2025, the U.S. Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, the first comprehensive crypto bill ever to make it through the chamber. If the House adopts—or mirrors—the bill, the U.S. could soon have a federal rulebook for dollar-pegged stablecoins and the platforms that issue them.
Why it matters
Regulatory clarity: A uniform framework could replace today’s state-by-state patchwork, lowering compliance costs and inviting fresh capital.
Dollar diplomacy: Clear rules for USD-backed stablecoins may boost the dollar’s reach in cross-border payments, countering digital-currency competition from abroad.
Innovation runway: Guardrails around reserves, audits, and consumer protections aim to make stablecoins safer without throttling DeFi experimentation.
What’s next
The bill now heads to the House of Representatives, where lawmakers must decide whether to fast-track the Senate version or craft their own STABLE Act. The clock is ticking—lawmakers break for the August recess in roughly 50 days.
