#GENIUSActPass
On June 17, 2025, the U.S. Senate approved the GENIUS Act with a majority vote of 68 – 30.
📝 What is the GENIUS Act?
The name of the bill is an acronym for: "Guiding and Establishing National Innovation for U.S. Stablecoins," which means "Guiding and Establishing National Innovation for U.S. Stablecoins."
🎯 Its main objectives:
Regulating stablecoins (such as USDT and USDC) that are pegged to the value of the U.S. dollar.
Mandating a 1:1 liquidity reserve in currencies or U.S. Treasury bonds, with monthly reporting on the reserves.