The GENIUS ACT has been approved by the Senate on June 18 2025.
It defines the regulatory framework for issuance of stablecoins.
Issuers must comply with new requirements including mandatory monthly disclosure of reserves, AML rules, and audited financial statements if their stablecoin has a capitalization of at least 50B USD.
A positive development is that: once enacted, holders are legally entitled to priority claims to reserve assets in the event an Issuer fills for bankruptcy.
