Editor’s note: Our Regulatory Updates series highlights the latest regulatory, legal, and policy happenings relevant to the crypto industry, curated by the a16z crypto regulatory team.

Regulatory news: May 30 – June 17, 2025

tl;dr

• The Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act in a bipartisan vote of 68 in favor and 30 in opposition. The bill is the first major digital assets legislation to clear the Senate and would establish the first-ever regulatory framework for payment stablecoins. The House of Representatives will now consider the legislation.
• The House Committee on Agriculture advanced out of committee the Digital Asset Market Clarity (CLARITY) Act, a bill that would…