#GENIUSActPass represents a milestone in federal regulation of stablecoins in the U.S. Approved by the Senate on June 17, 2025, with a wide majority (68–30), it establishes that stablecoin issuers must back their coins with safe assets such as dollars or Treasury bonds. This bipartisan regulation provides greater legitimacy to the market and could drive the growth of stablecoins to 2 trillion dollars in the next decade. However, it has generated criticism for potential conflicts of interest linked to former President Trump and for exemptions for high-ranking government officials. Now, the bill moves on to the House and the presidential desk.