#GENIUSActPass
The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), passed by the Senate on June 17, 2025, is the U.S.’s first bipartisan federal stablecoin framework .
It mandates issuers maintain 1:1 reserve backing with safe, liquid assets like U.S. Treasuries, enforces capital, liquidity, AML, and consumer protection standards, and blocks foreign issuers unless compliant .
Notably, it bans Congress members (but not the President or Vice President) from profiting from stablecoins, includes national‐security provisions, and restricts Big Tech from issuing stablecoins without user consent .
The bill now moves to the House.
The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), passed by the Senate on June 17, 2025, is the U.S.’s first bipartisan federal stablecoin framework .
It mandates issuers maintain 1:1 reserve backing with safe, liquid assets like U.S. Treasuries, enforces capital, liquidity, AML, and consumer protection standards, and blocks foreign issuers unless compliant .
Notably, it bans Congress members (but not the President or Vice President) from profiting from stablecoins, includes national‐security provisions, and restricts Big Tech from issuing stablecoins without user consent .
The bill now moves to the House.