Stablecoin law approved in the United States Senate

The GENIUS bill was approved in the final vote of the Senate and now moves to the House of Representatives for evaluation.

The vote consolidates bipartisan support for a clear regulatory framework for crypto assets. If the House of Representatives approves it, the bill will be sent to the U.S. president.

In a vote held today, the United States Senate approved the National Innovation Guidance and Establishment Act for Stablecoins (GENIUS Act). The initiative will now move to the House of Representatives, where it will be evaluated.

After weeks of negotiations focused on issues related to the proposal, such as consumer protection and national security, the final vote reflected bipartisan support for the potential consolidation of the project. The decision received 68 votes in favor and 30 against, thus achieving Senate approval.

The law, driven by senators such as Bill Hagerty and Tim Scott, establishes strict requirements for stablecoin issuers, requiring that such crypto assets be 100% backed by U.S. dollars or equivalent liquid assets, in addition to being subject to regular audits.

This initiative aims to position the United States as a global leader in digital financial innovation, in response to regulations already adopted in regions such as the European Union, with its MiCA law.