Senate Advances Legislation to Regulate Stablecoins

The U.S. Senate has taken a significant step towards regulating stablecoins, passing the 2025 National Guidance and Institution Building Act for Stablecoins, also known as the GENIUS Act. The bill, which passed with bipartisan support, establishes clear definitions, oversight, and capital adequacy requirements for stablecoin issuers at a national level. The legislation aimed to address ethical concerns regarding potential financial ties to former President Trump’s business interests. This included amendments that mandate disclosure of any investments by government members in stablecoins.