#GENIUSActPass On June 17, 2025, the U.S. Senate passed the bipartisan GENIUS Act—the first-ever federal framework for U.S. dollar–pegged stablecoins—by a decisive 68–30 margin. The legislation mandates full reserve backing with safe, liquid assets like U.S. Treasuries, monthly disclosures, anti‑money‑laundering compliance, and audited reserves for large issuers. It also prohibits lawmakers and executive officials from issuing stablecoins to avoid conflicts of interest—a response to concerns about former President Trump’s crypto ventures

. With support from major financial institutions and Big Tech, the Act now advances to the House, offering the clarity the $240 billion stablecoin industry has long demanded