0-1🇺🇸 #GENIUSActPass – On June 17, 2025, the U.S. Senate overwhelmingly approved the bipartisan GENIUS Act (68–30), setting the first comprehensive federal framework for stablecoins. The law mandates that issuers fully back stablecoins with liquid assets (e.g., USD or short-term Treasuries), publish monthly reserve disclosures, and include bankruptcy protections for holders  . 473-0It now advances to the House before reaching President Trump’s desk—marking a major milestone in legitimizing digital dollar–pegged tokens within the mainstream financial system  .