#GENIUSActPass The GENIUS Act, or Guiding and Establishing National Innovation for U.S. Stablecoins of 2025, passed the U.S. Senate on June 17, 2025, with a 68-30 vote, marking the first major crypto legislation to clear the chamber. It establishes a federal framework for regulating stablecoins, requiring issuers to hold 1:1 reserves in U.S. dollars or liquid assets, ensuring consumer protection and financial stability. The bill mandates transparency, anti-money laundering compliance, and prioritizes stablecoin holders in bankruptcy. Despite concerns over Trump’s crypto ties, 18 Democrats joined Republicans. The act now heads to the House, potentially alongside the STABLE Act, aiming for final passage before August 2025.