#GENIUSActPass

The Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act) recently passed the U.S. Senate with strong bipartisan support (68-30 vote on June 17, 2025). This landmark legislation aims to create a clear regulatory framework for stablecoins, cryptocurrencies pegged to stable assets like the U.S. dollar.

The GENIUS Act seeks to bolster the U.S. dollar's dominance in the digital economy, modernize payment systems, and foster innovation in the digital asset space while ensuring consumer protection. It mandates that stablecoin issuers fully back tokens and adhere to anti-money laundering rules. The bill now moves to the House of Representatives for further consideration, potentially paving the way for the first comprehensive federal crypto law in U.S. history.