The U.S. Senate has officially passed the GENIUS Act with a strong 68–30 vote, marking a historic step toward comprehensive regulation of stablecoins. The bill lays out clear rules—requiring stablecoin issuers to hold full reserves, conduct monthly audits, and follow anti-money laundering guidelines. For the first time, crypto-backed payment systems are getting a green light from top lawmakers.
Following the news, Coinbase shares surged by over 16%, climbing toward the $297 mark. Investors are bullish on the exchange's potential to dominate in a regulated stablecoin environment. Circle, the issuer of USDC, also saw a double-digit price jump—reflecting renewed confidence from both retail and institutional buyers.
Industry leaders like EY’s Paul Brody suggest the bill could spark mainstream adoption, opening the door for banks, fintech firms, and even retailers to join the stablecoin economy. With a possible $2 trillion in stablecoin-driven payments forecasted over the next decade, this could be the start of a new era in crypto utility and trust.
The GENIUS Act now moves to the House of Representatives. If passed, it’s expected to be signed into law before Congress’s summer recess—cementing stablecoins as a legitimate force in global finance.
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