#GENIUSActPass

On June 17, 2025, the U.S. Senate passed the GENIUS Act, a landmark bipartisan bill aimed at regulating stablecoins—cryptocurrencies pegged to the U.S. dollar. The legislation mandates that stablecoin issuers maintain one-to-one reserves in liquid assets like U.S. dollars and Treasury bills, and comply with anti-money laundering laws. It also prohibits nonfinancial and foreign entities from issuing stablecoins and bars lawmakers and executive officials from doing so, aiming to prevent conflicts of interest amid scrutiny over Trump-related crypto ventures. The bill now heads to the House of Representatives, where it is expected to pass, with President Trump expressing intent to sign it before the August recess.