#GENIUSAct Here’s a concise 100‑word overview of the #GENIUSAct:

The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) was signed into law on July 18, 2025 by President Trump, following bipartisan approval in the Senate (June 17) and House (July 17) . It’s the first federal framework for payment stablecoins in the U.S., requiring 1:1 backing with liquid assets, monthly reserve disclosures, audited financials for large issuers, and AML/sanctions compliance . The law prohibits interest on stablecoins, sets federal/state oversight, and restricts who may issue them . Supporters tout its clarity and crypto legitimacy boost; critics warn of weak consumer safeguards and potential conflicts of interest .