#GENIUSActPass Here’s a 100‑word overview of the GENIUS Act:

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The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), passed by the U.S. Senate on June 17, 2025, in a 68–30 bipartisan vote, proposes the nation’s first federal stablecoin framework . It mandates 1:1 backing of U.S. dollar–pegged tokens with liquid reserves like cash or Treasury bills and requires monthly disclosures of reserve composition . The act includes consumer‑protection, anti‑money laundering, and national‑security safeguards, though critics—including Senator Elizabeth Warren—argue it lacks strict corruption safeguards and excludes the President from stablecoin ownership restrictions . The bill now moves to the House.

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