What is GENIUS Act？Everything You Need To Know About the Crypto Bill Senate

The GENIUS Act, which would strengthen crypto regulation, was pushed to the House by the U.S. Senate on Monday night with bipartisan backing.

Key Takeaways：

• Despite political opposition, the US Senate passed the GENIUS Act on Monday night by a vote of 66–32
• The measure suggests a stablecoin regulatory framework that requires issuers to have a 1:1 reserve and be subject to federal inspection.
• The GENIUS Act will now be reviewed by the House and maybe reconciled with its own STABLE Act.

The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act of 2025 was successfully advanced by the Senate on Monday night, following a protracted political battle. The historic stablecoin bill would provide the first all-encompassing framework for stablecoin regulation and rewrite American crypto history if it passes the last round of obstacles.

On Monday night, the law passed a procedural vote 66-32 in spite of political opposition. According to reports, a number of Democrats supported the amendments that addressed ethical issues. The Senate will now discuss and decide whether to send the bill to the House. Supporters hope this stage will pass because it just needs a simple majority.

Table of Contents

• Opposition to the GENIUS Act in Politics
• What Happens Next with the US Stablecoin Bill
• About GENIUS Act
• Why Trade Crypto on BTCC
• How to Trade Crypto on BTCC?
• BTCC FAQs

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Opposition to the GENIUS Act in Politics

There were a number of political obstacles for the GENIUS Act, even though it was introduced as a law with bipartisan support. Protests broke out among Democrats about what they saw as potential corruption and conflicts of interest between President Trump and his family’s cryptocurrency company. Notably, critics accused of conflicts of interest with the USD1 stablecoin developed by the World Liberty Foundation (WLF), which is supported by the Trump family.

Democratic senators requested additional changes, and the US Senate did not proceed with the stablecoin measure in a crucial procedural vote earlier this month. Notable figures such as Elizabeth Warren and Bernie Sanders voiced their disapproval of the measure, claiming that it could pave the way for the president to engage in financial self-dealing.

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What Happens Next with the US Stablecoin Bill

After the Senate Floor debate and complete vote, the GENIUS Act will go to the House for further consideration and a vote. The STABLE Act, the House’s stablecoin measure, has been in the works for some time, and experts think that in order to clarify regulations, it may be required to reconcile the two proposals.

There was hope last week when Senator Bill Hagerty said the bill would clear the Senate. Coinbase CEO Brian Armstrong, SEC chair Paul Atkins, Coin Center CEO Jerry Brito, XRP attorney John Deaton, and Federal Reserve Chair Jerome Powell are among the prominent industry figures who have voiced their support for the bill.

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About GENIUS Act

Stablecoins are a form of cryptocurrency that are linked to a stable asset, such as the dollar. If the legislation is approved, it will be able to create a thorough legal framework for these coins. In addition to officially validating digital assets, the act would set up safeguards to make sure they stay stable.

The GENIUS Act contains several important sections, such as:

• All issuers are required to keep U.S. dollar-denominated 1:1 reserves.
• Federal oversight for major issuers with over $10 billion market cap.
• Rigid procedures for preventing money laundering and ensuring customer identity and verification (KYC).
• Keeping large computer companies from engaging in monopolistic practices.

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Repercussions for the Crypto Sector

The crypto industry is celebrating a major milestone with the US Senate approving the GENIUS Act. Investors will undoubtedly feel more secure as a result of the much-needed regulatory clarification it provides. Supporters of the proposal include prominent stablecoin issuers like USDC and USDT, who believe it will facilitate the integration of digital assets into established financial systems.

More and more nations are looking to cash in on the rising cryptocurrency market, and the United States is no exception. It is moving toward formalizing stablecoin legislation. A new regulatory framework in Brazil includes stringent regulations for stablecoin transfers. Meanwhile, El Salvador’s Bitcoin Reserve just generated a $357 million gain.

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