#GENIUSActPass

🧠 GENIUS Act Passes Senate — A Milestone for Stablecoin Regulation

Date: June 18, 2025

The U.S. Senate has passed the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) in a decisive 68–30 bipartisan vote . This landmark legislation lays the groundwork for the first-ever federal framework governing stablecoins.

🔑 Key Highlights

Full 1:1 reserve backing: Every stablecoin must be backed by high-quality liquid assets (like USD or U.S. Treasury bills) .

Transparency & audits: Monthly disclosures of reserves and annual audits for stablecoin issuers with over $50 billion in circulation .

Consumer protection & AML: Enhanced anti-money laundering protocols and protections to prioritize users in case of issuer insolvency .

Conflict‑of‑interest guardrails: Prohibits lawmakers and executive officials from issuing stablecoins, aiming to prevent self-enrichment — though exemptions for the President’s holdings remain controversial .