#GENIUSActPass The GENIUS Act, introduced in the US Senate on February 4, 2025, stands for Guiding and Establishing National Innovation for U.S. Stablecoins. It's a bipartisan effort aimed at creating a comprehensive federal regulatory framework for stablecoins, which are crypto tokens pegged to the US dollar or other stable assets.

*Key Provisions:*

- *Licensing and Regulatory Oversight*: Requires non-bank issuers to obtain a federal charter, ensuring oversight and accountability.

- *100% Reserves*: Stablecoin issuers must hold cash or super-liquid assets (like Treasuries) equal to tokens in circulation, maintaining stability.

- *Mandatory Audits*: Stablecoins with over $5 billion in market capitalization must undergo regular, public audits to prove reserve existence.

- *No Interest Payments*: Prohibits interest payments on stablecoins.