U.S. Senate Passes GENIUS Act Stablecoin Regulations

U.S. Senate Passes GENIUS Act Stablecoin Regulations

18 Jun Crypto News

U.S. President Donald Trump, who has referred to himself as America’s first “crypto president,” wanted stablecoin legislation to reach his desk prior to the Congressional recess in August.

On Tuesday (June 17), that wish got one step closer to reality with the Senate passing the GENIUS Act, an acronym for Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 Act, in a 68-30 vote.

“Today is a bold step forward – not just for financial innovation, but for American leadership, consumer protection, and economic opportunity. With the GENIUS Act, we’re bringing clarity to a sector that’s been clouded by uncertainty and proving that bipartisan, principled leadership can still deliver real results for the…

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