#GENIUSActPass The GENIUS Act, short for Guiding and Establishing National Innovation for U.S. Stablecoins, passed the U.S. Senate on June 17, 2025, with strong bipartisan support. It aims to regulate stablecoins by requiring 1:1 backing with cash or Treasury assets, monthly audits, and clear public disclosures. The bill also ensures user protection during insolvency and mandates interoperability standards. Supporters believe it enhances trust and enables innovation in programmable payments. Critics, however, worry about regulatory overreach and political influence. As it moves to the House, the GENIUS Act represents a crucial step toward integrating stablecoins into the U.S. financial framework.