#GENIUSActPass The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), approved by the United States Senate on June 17, 2025, with a vote of 68-30, establishes the first federal regulatory framework for stablecoins, cryptocurrencies linked to assets such as the U.S. dollar. The legislation, which had bipartisan support but faced Democratic opposition due to concerns about conflicts of interest and corruption, requires stablecoin issuers to maintain 1:1 reserves in dollars or liquid assets, and implement audits.