#GENIUSActPass GENIUS Act Passed – Stablecoin Legislation Takes Shape Ahead of August Rollout

✅ GENIUS Act Passes Senate

The GENIUS Act—a groundbreaking stablecoin regulatory framework—cleared the U.S. Senate on June 17, 2025, with overwhelming bipartisan support. It is now awaiting President Trump's signature, expected by the end of June.

📜 GENIUS Act Summary

Full Name: Government-Enabled National Infrastructure for US-Dollar Stablecoins

Goal: To establish a federal regulatory framework for issuing USD-backed stablecoins safely and at scale.

Key Provisions:

Federal licensing of stablecoin issuers via the U.S. Treasury

100% reserve backing (cash or short-term Treasuries only)

Mandatory real-time audits and monthly transparency reports

Protection of consumer redemption rights

Coordination with the Federal Reserve, OCC, and SEC

📆 August 2025 – Regulatory Activation Timeline

🔒 Effective Date of GENIUS Act: August 1, 2025

Once signed, key provisions of the GENIUS Act become active on August 1, 2025.

All non-compliant stablecoin issuers must apply for federal licenses or wind down operations.

⚖️ August 2025 Global & U.S. Crypto Regulations

1. U.S. Treasury:

Launches Stablecoin Licensing Portal

Issues first guidance on interoperability with FedNow

2. Hong Kong:

Starts enforcing its Stablecoin Licensing Regime (announced June 15, 2025)

Accepts applications from qualified Web3 and TradFi companies

3. EU MiCA Phase 2:

Expands into EMT (e-money token) and ART (asset-referenced token) regulation

Requires local registration and passporting compliance for foreign issuers

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🌐 Why This Matters

Signals a global convergence on stablecoin policy

The U.S. is now officially in the game of digital dollar competition

Builds foundation for public-private stablecoin ecosystems

Promotes safe innovation while addressing systemic risks in crypto finance