#GENIUSActPass

The U.S. Senate passed the landmark GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) on June 17, 2025, in a bipartisan 68-30 vote. This first major crypto bill to clear the senate creates a regulatory framework for stable coins.

Dual state licensing for issuer 1:1 reserve backing with cash or treasuries regular audits and public reserve disclosures. Restrictions on non-financial public companies issuing payment stable coins and disclosure requirements for large stablecoin holdings by senior officials.