#MyTradingStyle The GENIUS Act has officially been passed by the U.S. Senate (a 68‑30 vote on June 17, 2025), marking the first major stablecoin regulatory framework to clear the Senate . Now it moves to the House for further review, with final passage and presidential signature expected as early as September–October, assuming continued momentum .

🏦 What Is the GENIUS Act?

Requires stablecoin issuers to hold 1:1 reserves—either in cash or cash-equivalent assets like U.S. Treasuries .

Imposes annual independent audits for issuers managing over $50 billion in assets .

Grants super-priority status for stablecoin holders in bankruptcy proceedings, placing them ahead of other creditors .

Includes anti–money-lau..ndering measures and consumer protections, though some critics say it's less stringent than needed .