#GENIUSActPass

GENIUS Act: Senate Passage and Key Details

The GENIUS Act—short for "Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025"—has passed the U.S. Senate in a landmark 68-30 bipartisan vote on June 17, 2025. This marks the first time the Senate has approved major legislation to regulate digital assets, specifically targeting stablecoins, which are cryptocurrencies pegged to the U.S. dollar or other assets.

What the GENIUS Act Does

Establishes Federal Standards for Stablecoins: The Act creates the first federal regulatory framework for payment stablecoins in the U.S., requiring issuers to maintain full reserve backing, undergo monthly audits, and comply with anti-money laundering laws.