#GENIUSActPass GENIUS means “Guiding and Establishing National Innovation for U.S. Stablecoins Act”. It is the first federal law specifically designed to regulate stablecoins in the United States .

Passed by the Senate on June 17, 2025, with a vote of 68‑30, it now moves to the House of Representatives .

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✅ What does it regulate and for what purpose?

1. Backing in liquid reserve (1:1): stablecoins like USDC or USDT will have to be backed by safe assets such as Treasury bonds and undergo periodic audits.

2. Clear regulatory oversight: a specific legal framework is established for the issuance and circulation of these coins, placing them in a similar situation to banks or money market funds.

3. Permitted issuing bank: allows banks to design and issue their own stablecoin, something that until now was in a gray area .

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