#GENIUS Stablecoin Bill Update

🇺🇸 What is the GENIUS Bill?

GENIUS (Guiding and Establishing National Innovation for U.S. Stablecoins), known as the "Guiding and Establishing National Innovation for U.S. Stablecoins Act," aims to introduce comprehensive and federally-level regulations for stablecoins in the U.S.

🔔 Latest Developments as of June 2025 (
On June 11, the filibuster was overcome in the U.S. Senate by a vote of 68 to 30, and the bill was allowed to proceed to the final vote.
• Now it is sufficient to be accepted by a simple majority.
It will then be combined with the STABLE Act in the House of Representatives and submitted to the President.

🧾 What Does the Law Bring?
• Licensing Requirement:
Federal licensing requirement for stablecoin issuers.
• Reserve Transparency:
Monthly reserve reports and annual independent audits.
• Customer Rights:
Protection of customer funds and guarantees of quick refunds.
• Limitations:
The condition that stablecoin reserves must be held only in low-risk assets such as short-term government bonds.
• Bankruptcy Protection:
In the event of the issuer's bankruptcy, users have priority rights.

🚨 Controversial Points
• Weak Control?
Some senators say that the bill contains loopholes and allows stablecoin issuers to venture into risky areas such as derivative transactions or private loans.
• Conflict of Interest Risk:
Due to President Trump's history with cryptocurrency, there are criticisms that the provision in the bill stating "authorities should not issue stablecoins" is inadequate.

📈 Market Reaction
• Positive Direction:
The IPO processes of companies like Circle have accelerated, and investor confidence has increased.
• Alert Developments:
While the law was being discussed, a money laundering case involving a Russia-linked stablecoin came to light. This situation has heightened the importance of the AML )anti-money laundering( measures under the law.

🧭 Latest Status
• ✅ The final vote is expected in the Senate.
• 🏛 The version in the House of Representatives is the STABLE Act in the committees.
• 🤝 Two laws will be reconciled and sent to the White House.

🔍 Why is it important?

This law aims to both ensure the security of the U.S. financial system and pave the way for blockchain-based payment systems. If accepted, it will be the first time in U.S. history that a detailed and binding regulation on stablecoins will come into effect.
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