#GENIUSAct The GENIUS Act is a bipartisan bill introduced in the U.S. Senate to establish the first comprehensive federal framework for stablecoins. It aims to provide a clear licensing and supervisory structure for stablecoin issuers at the federal level, avoiding the current patchwork of state regulations. The Act also sets specific requirements for issuers regarding reserves, operations, and audits, and includes provisions for foreign issuers to operate in the U.S. market. This legislation is seen as a landmark step toward regulating stablecoins and fostering innovation in digital assets

Senator Bill Hagerty introduced the GENIUS Act on February 4, 2025, with co-sponsors from both parties, reflecting broad support. The Act is part of a broader push to modernize payment systems and digital asset regulation, with the White House and lawmakers emphasizing its importance alongside other crypto market reforms