#GENIUSActPass What is the GENIUS Act?

The GENIUS Act is a bipartisan U.S. law aimed at creating the first federal regulatory framework for stablecoins. It was passed by the U.S. Senate on June 17, 2025, with a vote of 68-30 and is now awaiting revisions in the House of Representatives.

Key Points of the GENIUS Act: Stablecoin Regulation:

Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged to the U.S. dollar, to reduce price volatility.

The law requires stablecoin issuers to:

Hold reserve assets backing the stablecoin to ensure consumers can withdraw funds.Prioritize stablecoin holders for payments in the event of bankruptcy.Comply with anti-money laundering (AML) rules and anti-terrorism sanctions.