Understanding The GENIUS Act – The U.S. Crypto Bill Passed
On June 18, 2025, the U.S. Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, a landmark piece of legislation that marks the first federal regulatory framework for stablecoins in the United States. With a bipartisan 68-30 vote, this bill is a significant win for the cryptocurrency industry, which invested heavily in the 2024 election cycle to support pro-crypto lawmakers.
The GENIUS Act, introduced by Senator Bill Hagerty (R-Tenn.) and co-sponsored by Senators Cynthia Lummis (R-Wyo.), Kirsten Gillibrand (D-N.Y.), and others, creates a federal regulatory framework for stablecoins. Stablecoins are cryptocurrencies pegged to stable assets like the U.S. dollar to maintain a consistent value….
