U.S. Senate Passes Stablecoin Bill The GENIUS Act

Bitcoin Magazine U.S. Senate Passes Stablecoin Bill The GENIUS Act The U.S. Senate has passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act (S. 394) by a vote of 68-30, establishing the first comprehensive federal framework for fiat-backed stablecoins. The bipartisan legislation was introduced by Senator Bill Hagerty and co-sponsored by Senators Tim Scott, Kirsten Gillibrand, and Cynthia Lummis. It passed under […] This post U.S. Senate Passes Stablecoin Bill The GENIUS Act first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

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Jun 18, 2025 - 13:00

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U.S. Senate Passes Stablecoin Bill The GENIUS Act

Bitcoin Magazine

U.S. Senate Passes Stablecoin Bill The GENIUS Act

The U.S. Senate has passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act (S. 394) by a vote of 68-30, establishing the first comprehensive federal framework for fiat-backed stablecoins.

The Senate has passed the GENIUS Act, the most significant digital finance bill in U.S. history, creating a regulated space for stablecoins.

The bipartisan legislation was introduced by Senator Bill Hagerty and co-sponsored by Senators Tim Scott, Kirsten Gillibrand, and Cynthia Lummis. It passed under the official title “Guiding and Establishing National Innovation for U.S. Stablecoins of 2025.”

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