#GENIUSActPass
On June 17, 2025, the U.S. Senate passed the bipartisan GENIUS Act with a strong 68–30 vote, creating the first official federal framework for regulating stablecoins. The new law requires stablecoin issuers to hold one-to-one reserves in cash or short-term U.S. Treasuries, along with mandatory monthly transparency reports. It also introduces strict consumer protection rules, anti-money laundering (AML) safeguards, and bans interest payments on stablecoins. Lawmakers are also prohibited from directly issuing coins—a response to concerns over politically connected crypto ventures. The bill now moves to the House, where it’s expected to pass before the August recess. The move has already boosted investor confidence, with a noticeable rise in the stock of Circle, the issuer of USDC, as markets respond positively to clearer U.S. oversight of stablecoins.
