#GENIUS稳定币法案 • Senate Approval: On June 17, 2025, the Senate passed the bill with a vote of 68 to 30, marking the first time the United States has established federal regulations for stablecoins.

• Bipartisan Maneuvering: The initiative was primarily driven by the Republican Party, while some Democratic lawmakers opposed it due to concerns over insufficient consumer protection and conflicts of interest involving the Trump family (such as the Trump-associated USD1 stablecoin). However, the bill was ultimately passed with amendments to strengthen anti-money laundering and compliance provisions.

• Next Steps: The bill must be submitted to the Republican-controlled House of Representatives for review, and discrepancies with the House version of the STABLE Act (such as regulatory authority and rules for foreign issuers) need to be reconciled, before ultimately being signed into law by the President.