Senate Passes GENIUS Act: Framework for Stablecoin Regulation Takes Shape

On May 19, 2025, the U.S. Senate voted to advance legislation, the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 (GENIUS Act), towards a final vote. This milestone marks the most comprehensive effort by the U.S. federal government to create a regulatory framework for stablecoins. The bill aims to balance innovation with oversight, establish guidelines for market participants, and address the increasing influence of digital assets in global finance.