#GENIUSActPass On June 17, 2025, the U.S. Senate passed the bipartisan GENIUS Act with a decisive 68–30 vote, establishing the nation’s first federal regulatory framework for stablecoins. The bill requires issuers to maintain full one-to-one reserves in cash or short-term U.S. Treasuries, implement monthly transparency reports, and adhere to enhanced consumer protection and anti-money laundering standards. It also prohibits stablecoin issuers from offering interest and blocks lawmakers from creating their own coins—measures partly aimed at concerns surrounding ventures linked to former President Trump. The legislation now moves to the House, where supporters expect it to pass before the August recess. The news has already boosted shares in Circle, the issuer of USDC, reinforcing confidence in U.S.-backed stablecoin regulation.