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08/01 02:34

Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act: 
nited States federal law that aims to create a comprehensive regulatory framework for  stablecoins. Stablecoins are a type of cryptocurrency that are backed by assets considered to be reliable such as a national currency or a commodity. Stablecoins are typically used to transfer funds between different cryptocurrency tokens.
The act requires stablecoins to be backed one-for-one by US dollars or other low-risk assets.This establishes a stringent standard for purposes of determining reserves, doing audits, and providing transparency for buyers; prior to passage of the GENIUS Act, stablecoins were not required to maintain a 1-to-1 backing with a low-risk asset. The act serves as a first step in establishing dual federal and state supervision and consumer protection.

Introduced by Bill Hagerty (R-Tenn.) on May 21, 2025, the GENIUS Act is a bipartisan effort to regulate the stablecoin industry. Its companion legislation is the House's Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act, which has similar goals but differs in some details.

The Senate passed the bill on June 17, 2025, with a bipartisan vote of 68–30; the majority of Republicans and about half of Democrats voted in favor.

On July 3, 2025, the House of Representatives announced it would consider the bill during the week of July 14. The House passed the bill on July 17, 2025 and President Donald Trump signed the new legislation into law the next day.

Two other cryptocurrency bills passed in the House but still need Senate approval


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