#GENIUSActPass The US Senate approved the bipartisan GENIUS Act on June 17, 2025, with a convincing margin of 68 to 30 — marking the first federal regulatory framework for stablecoins. The legislation requires a full one-to-one reserve in cash or short-term Treasury securities, monthly transparency reporting, consumer protection, and enhanced AML measures. It also prohibits issuers from paying interest and forbids lawmakers from issuing coins, addressing concerns linked to ventures associated with Trump. The Act now moves to the House, with advocates anticipating final approval before the August recess; it has already triggered a rise in shares of the USDC issuer Circle, bolstering confidence in the leadership of regulated stablecoins in the US.