#GENIUSActPass 🚨 The Senate approves the historic "GENIUS Act"!

On Tuesday, June 17, 2025, the U.S. Senate greenlit the GENIUS Act with a decisive vote of 68-30 in favor. It was a bipartisan triumph: 18 Democratic senators joined the Republican majority, while only two Republicans—Rand Paul and Josh Hawley—voted against it.

💡 What is the GENIUS Act?

Clear acronym: "Guiding and Establishing National Innovation for U.S. Stablecoins Act."

First federal framework to regulate stablecoins in the United States.

Requires full backing in cash or Treasury bonds and mandates regular audits for large issuers.

🌍 Why is it relevant?

User trust: ensures that each digital token is backed 1:1, reducing risks and uncertainties.

Boost to innovation: creates a clear legal environment for companies and banks to launch stablecoins without fear.

Global leadership: reinforces the role of the dollar in the digital age and prevents innovation from flowing to other nations.

⚠️ Criticisms and points of tension

Ethical concerns: some Democrats, including Warren and Ron Wyden, warned about potential conflicts of interest related to Trump's ties to the crypto industry.

Controversial exceptions: the law prohibits legislators from profiting from stablecoins but does not extend that prohibition to the president or his family.

🔜 Next steps

The GENIUS Act now moves to the House of Representatives, where it could merge with the "STABLE Act" or projects like the CLARITY Act.

If it passes the House, it would be sent to the presidency, possibly before the August recess.

✅ In summary:

The Senate's approval by 68-30 is a key step: for the first time, the U.S. establishes a solid regulatory framework for stablecoins, protecting users, attracting institutional investments, and reinforcing the position of the digital dollar. But before becoming law, it faces debates in the House and scrutiny for potential ethical and regulatory loopholes.