#USStablecoinBill The bill officially known as the "GENIUS Act of 2025" (Guiding and Establishing National Innovation for U.S. Stablecoins Act) is an attempt to establish the first federal regulatory framework for stablecoins in the U.S. — digital assets pegged to the U.S. dollar. This bill, initiated by Republican Senator Bill Hagerty and supported by Democratic Senator Kirsten Gillibrand, was approved by the Senate Banking Committee in March 2025 with bipartisan support.