#GENIUSActPass

The U.S. Senate has passed the GENIUS Act, making it the first stablecoin legislation approved by either chamber of Congress. The bill passed with a 68-30 vote, mirroring last week’s procedural vote. While 18 Democrats supported the bill again, Senator Mark Kelly abstained this time, and Senator Jon Ossoff voted in favor.

The House must still pass its own version—the STABLE Act—which differs significantly. If the two chambers can reconcile the differences, this would mark a major step forward in regulating stablecoins, offering long-awaited clarity to the sector.

The bill’s momentum is already influencing markets. Circle’s IPO, a major stablecoin issuer, surged to $150 after debuting at $31, and companies like Amazon, Walmart, DTCC, and potentially Apple, Google, Airbnb, and X are exploring issuing or adopting stablecoins