#GENIUSActPass

The GENIUS Act—short for Guiding and Establishing National Innovation for U.S. Stablecoins—is a bipartisan bill passed by the U.S. Senate with a 68‑30 vote on June 17–18, 2025 .

🌐 Key Provisions:

• Stablecoin Issuer Regulation: Requires issuers to maintain reserves in U.S. dollars, Treasuries, or similarly safe assets to ensure stable peg integrity .

• Industry Boost: The legislation is expected to help the U.S. stablecoin market grow to around $2 trillion over the next decade .

• Ethical Guardrails: Introduces a ban on stablecoin holdings for Congress members and executive‐branch officials (excluding the President and VP) to reduce insider influence .

• Regulatory Path Forward: Passed the Senate, now Moves to the House (which is considering its own STABLE Act) .

💣 Controversies:

• Trump Ties: Critics, including Sens. Elizabeth Warren and others, raised concerns over President Trump’s significant crypto investments (such as USD1 stablecoin), which are exempt from the new ownership ban .

• Bipartisan Tensions: Despite bipartisan backing, the bill stirred debate in the Democratic caucus over corruption protections