The U.S. Senate passed a 68-30 vote to guide and establish the United States’ Stable National Innovation (GENIUS) Act (S. 394), establishing the first stable federal federal framework for Fiat-supported.
The bipartisan legislation was introduced by Senator Bill Hagerty and was sponsored by Senators Tim Scott, Kirsten Gillibrand and Cynthia Lummis. It is adopted under the official title of “Guiding and Building National Innovation in the United States in 2025”. ”
“Today, on a bipartisan basis, the Senate passed my bill, the Genius Act, which passed the first major legislation of this convention,” Senator Hagerty said. “With genius, the United States is closer to becoming the crypto capital of the world.”
The Genius Act strictly regulates stable payments, requiring $1:1 support for reserves, monthly disclosure, audit and clearance of federal or state permits. It bans algorithmic coins and strictly limits the re-domination and mixing of reserves. Importantly, the bill also amends the existing securities laws to clearly state that it is not the securities that are stable in compliance, but releases them from the SEC jurisdiction.
Although the bill targets stablecoins, Bitcoin supporters see it as a base victory.
Stablecoins acts as a bridge to Bitcoin, enabling ramps, easier settlements and institutional access. By legalizing stable infrastructure, the United States is indirectly strengthening the rails of Bitcoin operations.
And, as the financial system modernizes, trusted access points like dollar-backed tokens may play a role in enabling new Bitcoin users, especially in international markets and corporate treasury.
“The U.S. Senate passed the Genius Act – the landmark Stablecoin legislation that sets out regulatory clarity, enhances consumer protection and expands the dominance of the dollar,” said President Donald Trump’s AI and Crypto Czar David Sacks. “Thanks to President Trump for his leadership over cryptocurrencies and Senator Hegerty’s bill.”
The passage of the Genius Act is probably the clearest signal that the United States is preparing for a stable and Bitcoin-driven future.
