#GENIUSActPass GENIUS Act Passes Senate: The Path to Regulated Stablecoins and the Future of Finance

**Washington.** The U.S. Senate approved the landmark **GENIUS Act** (68 votes in favor, 30 against), taking a decisive step toward creating the first federal regulatory framework for **stablecoins** in the country. This law aims to eliminate the existing uncertainty that has long hindered the development of this key segment of the crypto industry in the U.S.

**Significance of the Passage:**

1. **Regulatory Clarity:** GENIUS establishes clear rules for the issuance and backing of stablecoins, aimed at ensuring their stability and protecting investors.

2. **Accelerated Payments:** The law explicitly recognizes the potential of stablecoins to create faster and cheaper payment systems compared to traditional ones.

3. **Incentive for Innovation:** The passage is seen as a signal to the market that the U.S. aims to remain a leader in the development of innovative digital assets, rather than pushing them away. Reports of major companies (like JPMorgan) being ready to issue their own stablecoins confirm this trend.

What’s Next? The focus shifts to the House of Representatives, where GENIUS must be reconciled with competing bills.