#CryptoStocks The GENIUS law has already received approval from the Senate, so it will now face a key vote in the House of Representatives.

By Gustavo López June 18, 2025 in Regulation Reading time: 3 minutes

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The GENIUS Law seeks to position the U.S. as a global leader in regulation and innovation of stablecoins. Source: stock.adobe.com.

Stablecoin issuers will be required to submit monthly reports that certify their reserves.

The illegal issuance of stablecoins may result in daily fines of up to one million dollars.

The United States Senate approved the National Innovation Guidance and Establishment Act for Stablecoins, known as GENIUS. With 68 votes in favor and 30 against, this bipartisan initiative now moves to the House of Representatives, where it will be evaluated and, if it receives the green light, sent to President Donald Trump for his signature.