archiveGENIUS Act

Currencies

What it means for crypto

 The U.S. Senate has passed the GENIUS Act. The Senate passed legislation to establish the first regulatory framework for stablecoins, capping prolonged, topsy-turvy bipartisan negotiations. According to media reports, the Senate voted 68-30 to pass the bill Tuesday, with two Republicans voting no. The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) is a bipartisan legislative effort introduced in 2025 to create a clear regulatory framework for stablecoins—digital assets pegged to the value of traditional currencies like the U.S. dollar. READ: Trump’s stablecoin powers $2 billion crypto...