🗓 On June 17, 2025, the U.S. Senate passed the GENIUS Act with a 68–30 bipartisan vote, establishing the first federal framework for stablecoin regulation—mandating 100% reserves in USD/Treasuries and monthly disclosures.
✅ Why It Matters:
It forces stablecoin issuers to be transparent, backed by liquid assets, and prohibits misleading claims of government backing.
The bill reflects rare bipartisan agreement (18 Democrats joined GOP), signaling growing consensus on crypto policy.
Now headed to the House of Representatives, and subsequently to the President’s desk.
⚠️ Concerns Raised:
Critics, including Sen. Warren, highlight weak anti‑money laundering measures and Big Tech loopholes .
The bill bans Congress members and families from benefiting, but exempts the President—raising ethics questions given Trump’s crypto ventures.
💬 Share your take: Will GENIUS Act finally legitimize stablecoins? Can it pass the House and be signed into law?
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