#GENIUSActPass
The United States Senate passed the bipartisan GENIUS Act on June 17, 2025, with a convincing margin of 68–30—marking the first federal regulatory framework ever created for stablecoins. The legislation provides for a total cash or short-term Treasury reserve on a one-to-one ratio, monthly transparency reports, and enhanced consumer protection and AML measures. Additionally, it prohibits issuers from paying interest and bars legislators from issuing coins, addressing concerns related to Trump-linked initiatives. The Act now moves to the House, with supporters expecting final approval before the August recess; it has already triggered a rise in the stock of Circle's USDC issuer, reinforcing confidence in the leadership of regulated stablecoins in the United States.
