$USDC

The era of unguided stablecoin issuance in the United States might be ending. U.S. Senator Bill Hagerty’s GENIUS Act—short for Guiding and Establishing National Innovation for U.S. Stablecoins—clears the U.S. Senate. With it, Congress begins to draw a definitive line around one of the most consequential innovations in digital finance: a dollar-backed stablecoin.

Unlike previous legislative efforts that stumbled over partisan divides or technical incoherence, the GENIUS Act passed with bipartisan support. It is a serious, detailed, and targeted law that understands what stablecoins are and how they should function in a modern economy. At first glance, the law does not criminalize innovation. It clarifies the rules of engagement. And that is precisely what the crypto