#GENIUSActPass #GENIUSActPass GENIUS Act Summary (Passed June 17, 2025):

The Senate passed the GENIUS Act (68–30 vote), setting the first U.S. rules for stablecoins (digital dollars). Coins must be backed 1-to-1 with cash or Treasury bills, with monthly reports. Only approved banks or companies can issue them. They must follow anti-money-laundering laws, and stablecoins are not treated as securities. Lawmakers can’t profit—but the President and family are exempt, which sparked debate. The bill now moves to the House#