#GENIUSActPass Yes—the U.S. Senate has just passed the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins)—a bipartisan 68–30 vote on June 17, 2025, marking the first-ever federal regulatory framework for stablecoins
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🔍 What it means:
Reserve Requirements: Issuers must back each stablecoin with actual cash or U.S. Treasuries—and if circulation exceeds $50 billion, audited monthly reports are mandatory
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Consumer Protections & AML: The bill enforces anti‑money‑laundering standards, sanctions compliance, and new guardrails to protect users
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Conflict of Interest Rules: Congress members and executive branch officials are barred from issuing stablecoins—though President Trump and some family ventures (like World Liberty Financial) are currently exempt but under scrutiny
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Grand Opening for Institutions: Heavyweights like Circle, Visa, Mastercard, Amazon, and Walmart now have a clearer path to launch U.S.-regulated stablecoins
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✅ Next steps:
House Action: The bill heads to the House, expected to pass there before going to the President's desk—likely before the August recess
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Watch for tweaks: Differences may emerge between the Senate's GENIUS Act and the House's STABLE Act.
💹 Market reaction – stalwart stablecoins
Polygon Bridged USDT (Polygon) (USDT)
$1.00
1D
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1M
6M
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Multichain Bridged USDC (Fantom) (USDC)
$0.04
-$0.00
(-4.08%)
Today
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USDT (Polygon-wrapped) remains rock‑steady near $1.00, while USDC (on Fantom) dipped slightly (~$0.036, but that’s a cross-chain anomaly). The on-chain markets appear more focused on short-term technical factors than legislation—but the long‑term outlook is strengthening.
