#GENIUSActPass

The GENIUS Act is a piece of legislation passed by the U.S. Senate aimed at regulating stablecoins - digital currencies linked to assets such as the U.S. dollar. This law was passed on June 17, 2025, with a majority of 68 votes to 30 from both parties, and establishes a federal framework for issuing stablecoins, requiring a 1:1 backing with high-quality liquid assets such as U.S. Treasury bonds, and mandating monthly disclosures of reserves. The law also enforces compliance with anti-money laundering regulations and prohibits lawmakers from issuing stablecoins, although it notably exempts the president and his family. The bill is now awaiting approval from the House of Representatives before it reaches President Trump's desk for signature.