#GENIUSActPass

Wednesday marked a fresh milestone for the cryptocurrency industry, with the Senate passing the GENIUS Act to create a federal regulatory framework for stablecoins.

Passing in a 63-30 vote, the GENIUS Act, short for Guiding and Establishing National Innovation for US Stablecoins, will create new guidelines for the issuance and usage of stablecoins.

The Act paves the way for banks, fintech firms, and big-name retailers to issue their own stablecoins or weave them into their current payment platforms.

2025 has been a breakout year for crypto. President Donald Trump's vocal support, stablecoin issuer Circle's IPO, and now, stablecoin legislation have all pushed digital assets further into the spotlight.