The bipartisan bill for stablecoin payments is making progress! The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act passed the Senate with overwhelming bipartisan support (68-30) in June 2025. This landmark bill aims to regulate payment stablecoins, ensuring consumer protection and fostering innovation in real-time payments .
the GENIUS Act :#GENIUSAct
Allows banks and nonbank financial institutions to issue stablecoins with stringent requirements.
Mandates 1-to-1 backing with high-quality liquid assets (US Treasury securities, cash).$ETH
Monthly reporting on outstanding stablecoins and reserves.
Segregation of customer assets and anti-money laundering provisions .$BTC
LATEST
The House is deciding whether to adopt the Senate text or reconcile differences with their own Stablecoin Transparency and Accountability for a Better Ledger Economy Act. #stablecoin #WriteToEarnUpgrade
A separate Digital Asset PARITY Act proposes tax exemptions for stablecoin transactions under $200 and 5-year deferral for staking/mining rewards .$XRP
