The US Senate passed the landmark GENIUS stablecoin bill, marking a major step forward for crypto regulation. The bill, formally known as the Guiding and Establishing National Innovation for USThe US Senate passed the landmark GENIUS stablecoin bill, marking a major step forward for crypto regulation. The bill, formally known as the Guiding and Establishing National Innovation for US

US Senate Passes GENIUS Stablecoin Bill In Latest Win For Crypto Regulation

2025/06/18 17:12
2분 읽기
이 콘텐츠에 대한 의견이나 우려 사항이 있으시면 crypto.news@mexc.com으로 연락주시기 바랍니다

The US Senate passed the landmark GENIUS stablecoin bill, marking a major step forward for crypto regulation.

The bill, formally known as the Guiding and Establishing National Innovation for US Stablecoins of 2025 (GENIUS) Act, passed 68–30 after a wave of Democrats joined Republicans to support it. It now heads to the House, where Republicans hold a slim majority.

If approved, the bill will go to President Donald Trump’s desk. Trump’s crypto czar David Sacks said in May that Trump will likely sign it into law.

“With this bill the United States is one step closer to becoming the global leader in crypto,” said Republican Tennessee Senator Bill Hagerty, who introduced the bill about six weeks ago.

House of Representatives

Republicans Could Push Stablecoin Bill Through House

The GENIUS Act is the first major crypto-related bill to clear the Senate. However, the House does have its own Digital Asset Market Clarity Act, which is a more sweeping crypto bill that would provide a framework for the wider crypto market, not just stablecoins. 

After passing through the Senate, the GENIUS Act is slightly ahead in the legislative process than the Clarity Act, which currently awaits floor action after being cleared by the relevant House Committees. 

While it still remains uncertain whether the GENIUS Act will pass the House as well, Republicans do have a slight majority over Democrats. If it passes the House, it will then head to President Donald Trump’s desk for final approval. 

Senator Elizabeth Warren Warns GENIUS Act Has Loopholes

Even though there was a spike in the number of Democrats who supported the GENIUS Act, the party’s most vocal members were not convinced. 

Among them was known crypto-skeptic Elizabeth Warren, who argued that the bill allows loopholes for foreign tokens, doesn’t deal with concerns around Trump’s crypto ties, and clears a way for technology giants like Amazon to issue their own coins. 

Despite her concerns, Democrat supporters of the bill said that doing nothing was not an option.

시장 기회
Major 로고
Major 가격(MAJOR)
$0.06194
$0.06194$0.06194
+1.52%
USD
Major (MAJOR) 실시간 가격 차트
면책 조항: 본 사이트에 재게시된 글들은 공개 플랫폼에서 가져온 것으로 정보 제공 목적으로만 제공됩니다. 이는 반드시 MEXC의 견해를 반영하는 것은 아닙니다. 모든 권리는 원저자에게 있습니다. 제3자의 권리를 침해하는 콘텐츠가 있다고 판단될 경우, crypto.news@mexc.com으로 연락하여 삭제 요청을 해주시기 바랍니다. MEXC는 콘텐츠의 정확성, 완전성 또는 시의적절성에 대해 어떠한 보증도 하지 않으며, 제공된 정보에 기반하여 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다. 본 콘텐츠는 금융, 법률 또는 기타 전문적인 조언을 구성하지 않으며, MEXC의 추천이나 보증으로 간주되어서는 안 됩니다.

$30,000 in PRL + 15,000 USDT

$30,000 in PRL + 15,000 USDT$30,000 in PRL + 15,000 USDT

Deposit & trade PRL to boost your rewards!