The US Senate has not yet passed the GENIUS stablecoin bill.
However, the Senate recently passed a crucial procedural vote (66-32) on the "Guiding and Establishing National Innovation for U.S. Stablecoins" (GENIUS) Act. This vote cleared a legislative hurdle, allowing the bill to proceed to a final vote, which could happen as soon as this week. The legislation aims to create a comprehensive regulatory framework for dollar-pegged stablecoins, including reserve requirements, anti-money laundering provisions, and consumer protections. While it signifies a significant step forward for crypto regulation, the bill still needs a simple majority to pass the full Senate and then must be reconciled with a similar House bill before becoming law.
