U.S. Senate Passes the GENIUS Act for Stablecoins
• The Senate approved the GENIUS Act with a 68–30 vote, establishing a federal regulatory framework for stablecoins, including mandatory 1:1 liquid reserves, monthly disclosures, and anti-money-laundering controls. Large issuers (>$50 billion) must also undergo annual audits.
• This landmark bill now heads to the House and is expected to gain presidential approval.
• The stablecoin market has surged to a record $251.7 billion, a 22% rise in 2025, driven by increasing institutional and corporate adoption.
