#GENIUSActPass

The GENIUS Act, which stands for Guiding and Establishing National Innovation for US Stablecoins Act, is a proposed legislation aimed at regulating stablecoins in the United States. Here are the latest updates on its progress :

- *Current Status*: The GENIUS Act has faced challenges in its journey to becoming a law. Initially, it failed to pass a key Senate vote on May 8, 2025, but later, on June 11, 2025, the cloture vote for the GENIUS Act amendments passed, paving the way for a final vote.