Tag: Stablecoins

GENIUS Act Passed: The U.S. House passed the GENIUS Act with a vote of 308-122, marking a historic moment for crypto regulation. Regulatory Framework: The act establishes a clear regulatory framework for stablecoins, requiring 1:1 backing with US dollars or low-risk assets. Bipartisan Support: Received strong support from both parties, with 102 Democrats and 206 Republicans voting in favor. Consumer Protection: Includes stringent...

In a landmark move for the cryptocurrency industry, the U.S. Senate passed the GENIUS Act (S.1582) on June 17, 2025, with a decisive 68-30 vote, establishing the first comprehensive federal framework to regulate stablecoins—digital currencies like Tether (USDT) and USD Coin (USDC) designed to maintain a stable value, typically pegged to the U.S. dollar. The legislation, which cleared a procedural hurdle on June 11 with a 68-30 vote, aims to...