U.S. Senate Approves GENIUS Act to Regulate Stablecoins, Marking Major Step for Crypto Framework

The U.S. Senate has passed the "Guiding and Establishing National Innovation for U.S. Stablecoins of 2025" (GENIUS Act), establishing the first comprehensive federal framework for stablecoin regulation. This legislation represents a significant milestone in the mainstream adoption of digital assets.

The approval follows a week of political maneuvering after Democrats initially blocked a procedural vote. Bipartisan negotiations led to revisions that brought key Democrats, including Senators Ruben Gallego, Mark Warner, and Kirsten Gillibrand, back to supporting the measure.

The GENIUS Act provides much-needed regulatory clarity for stablecoins, which serve as critical infrastructure for cryptocurrency markets. Its passage signals growing institutional recognition of digital assets’ role in modern finance.