#GENIUSActPass The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) was approved by the United States Senate on June 17, 2025, with a vote of 68 in favor and 30 against, marking a milestone in the regulation of stablecoins in the country. This legislation establishes a clear federal framework for the issuance and use of stablecoins linked to the dollar, such as USDC and USDT, with the aim of integrating these assets into the traditional financial system without compromising economic stability.

Among its key provisions, the law requires that stablecoins be backed at a 1:1 ratio by liquid assets such as cash or short-term Treasury bonds. Additionally, issuers must publish audited monthly reports on their reserves and undergo independent annual audits. Only entities with federal or state licenses will be allowed to issue stablecoins, and they are prohibited from promoting them as deposits insured by the FDIC.

The Senate's approval still needs to be ratified by the House of Representatives before President Donald Trump officially enacts it. Nevertheless, the bipartisan support and institutional momentum suggest that its full adoption is imminent. If realized, the United States would position itself as a global leader in the regulation of digital assets, solidifying the dollar as the dominant currency in the crypto space as well.

This advancement has generated excitement in the markets: shares of companies like Coinbase and Circle surged following the news, reflecting the expectation of broader institutional adoption of stablecoins as payment and settlement tools. The GENIUS Act could radically transform the global financial landscape.