The US Senate has the Supervising and determining national innovation for US Stablecoins (Genius) Act (S. 394) In the event of a vote of 68-30, he focuses the first extensive federal framework for Stablecoins supported by Fiat.
The two -part legislation was introduced by Senator Bill Hagerty and co -sponsored by Senators Tim Scott, Kirsten Gillibrand and Cynthia Lummis. Under the official title “Conducting and established national innovation for US Stablecoins from 2025.”
“Today, on a two -way basis, the Senate adopted his first part of great legislation to this congress with my bill – De Genius Act,” ” Said Senator Hagerty. “With genius, the United States is a step closer to becoming the crypto capital of the world.”
The Genius Act regulates Stabilecoins Stabilecoins, for which 1: 1 dollar -supported reserves, monthly disclosures, audits and clear federal or state licenses required. It prohibits algorithmic coins and sets strict limitations on rehypothecation and the communication of reserves. It is important that the bill also changes the existing securities laws to explicitly state that conforming stablecoins are not effects – so that they are released from sec -jurisdiction.
While the bill is aimed at stablecoins, proponents of Bitcoin see it as a fundamental victory.
Stablecoins act as bridges in Bitcoin, making on-disasters, easier settlements and institutional access possible. By identifying Stablecoin infrastructure, the US indirectly strengthens the rails on which Bitcoin works.
And as the financial system modernizes, trusted access points such as dollar-stunned tokens can play a role in boarding new Bitcoin users-especially on international markets and business treasury.
“The US Senate has accepted the Genius Act -Landmark Stablecoin legislation that offers regulatory clarity, improves consumer protection and expands the US Dollar online,” ” said President Donald Trump’s Ai & Crypto Tsar David Sacks. “Thanks to President Trump for his leadership on Crypto & Senator Hagerty for the author of the bill.”
The approval of the brilliant action can be the clearest signal, so far that the US is preparing for a future with stablecoin and bitcoin.