Scott Champions Historic Senate Passage of GENIUS Act The GENIUS Act – which is led by Senator Bill Hagerty (R-Tenn ) and also cosponsored by Senator Kirsten Gillibrand (D-N Y ), Senator Cynthia Lummis (R-Wyo ), and Senator Angela Alsobrooks (D-Md ) – establishes a first of its kind regulatory framework for payment stablecoins, protecting consumers and strengthening national security
S. 394: GENIUS Act of 2025 - GovTrack. us To provide for the regulation of payment stablecoins, and for other purposes 1 Short title This Act may be cited as the Guiding and Establishing National Innovation for U S Stablecoins of 2025 or the GENIUS Act of 2025 2 Definitions In this Act: The term Bank Secrecy Act means—
What to know about the GENIUS Act, a crypto regulation bill What is the GENIUS Act? The GENIUS Act concerns the issuance and exchange of stablecoins, a form of digital currency backed by another form of currency like the U S dollar or a commodity like gold
U. S. Senate Passes GENIUS Act to Regulate Stablecoins . . . The U S Senate has approved the GENIUS Act with an overwhelming bipartisan vote This marks the first time the Senate has ever cleared a major piece of crypto legislation after years in which key
GENIUS Act Sets Rules, Keeps Trump Exemption - TechRepublic The GENIUS Act assigned supervisory responsibilities to the Treasury Department and set the groundwork for issuing regulated digital dollars If enacted, its structure could shape the use of
What is the GENIUS Act and what it may mean for consumers The GENIUS Act, officially the Guiding and Establishing National Innovation for U S Stablecoins Act, passed a key procedural hurdle in the Senate on May 19 The bipartisan
Senate passes first-of-its-kind cryptocurrency legislation The Senate passed first-of-its-kind bipartisan cryptocurrency legislation, called the GENIUS Act, after months of negotiations and weeks of back-and-forth between Democratic and Republican backers