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U.S. Senate Passes Stablecoin Bill The GENIUS Act

June 17, 2025Updated:June 17, 2025No Comments2 Mins Read
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U.S. Senate Passes Stablecoin Bill The GENIUS Act
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The U.S. Senate has handed the Guiding and Establishing Nationwide Innovation for U.S. Stablecoins (GENIUS) Act (S. 394) by a vote of 68-30, establishing the primary complete federal framework for fiat-backed stablecoins.

U.S. Senate Passes Stablecoin Bill The GENIUS Act

The bipartisan laws was launched by Senator Invoice Hagerty and co-sponsored by Senators Tim Scott, Kirsten Gillibrand, and Cynthia Lummis. It handed underneath the official title “Guiding and Establishing Nationwide Innovation for U.S. Stablecoins of 2025.” 

The USA Senate has handed the GENIUS Act

— Bo Hines (@BoHines) June 17, 2025

“At present, on a bipartisan foundation, the Senate handed its first piece of main laws this Congress with my invoice—the GENIUS Act,” stated Senator Hagerty. “With GENIUS, america is one step nearer to turning into the crypto capital of the world.” 

The GENIUS Act tightly regulates fee stablecoins, requiring 1:1 dollar-backed reserves, month-to-month disclosures, audits, and clear federal or state licensing. It prohibits algorithmic cash and locations strict limitations on rehypothecation and commingling of reserves. Importantly, the invoice additionally amends present securities legal guidelines to explicitly state that compliant stablecoins usually are not securities—releasing them from SEC jurisdiction.  

Whereas the invoice is aimed toward stablecoins, Bitcoin proponents see it as a foundational win. 

Stablecoins act as bridges into Bitcoin, enabling on-ramps, simpler settlements, and institutional entry. By legitimizing stablecoin infrastructure, the U.S. is not directly reinforcing the rails on which Bitcoin operates. 

And because the monetary system modernizes, trusted entry factors like dollar-backed tokens may play a job in onboarding new Bitcoin customers—particularly in worldwide markets and company treasuries. 

“The U.S. Senate has handed the GENIUS Act — landmark stablecoin laws that gives regulatory readability, enhances shopper safety, and extends U.S. greenback dominance on-line,” stated President Donald Trump’s AI & Crypto Czar David Sacks. “Due to President Trump for his management on crypto & Senator Hagerty for authoring the invoice.”

The passage of the GENIUS Act will be the clearest sign but that the U.S. is getting ready for a stablecoin and Bitcoin-powered future.   





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