{"id":24683,"date":"2025-06-19T10:59:13","date_gmt":"2025-06-19T10:59:13","guid":{"rendered":"https:\/\/zebpay.com\/au\/?p=24683"},"modified":"2025-06-20T07:10:56","modified_gmt":"2025-06-20T07:10:56","slug":"us-moves-closer-to-stablecoin-regulation-as-senate-passes-genius-act","status":"publish","type":"post","link":"https:\/\/zebpay.com\/au\/blog\/us-moves-closer-to-stablecoin-regulation-as-senate-passes-genius-act","title":{"rendered":"U.S. Moves Closer to Stablecoin Regulation as Senate Passes GENIUS Act"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/au\/blog\/us-moves-closer-to-stablecoin-regulation-as-senate-passes-genius-act\/#A_Landmark_Victory_for_Crypto\" title=\"A Landmark Victory for Crypto\">A Landmark Victory for Crypto<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/au\/blog\/us-moves-closer-to-stablecoin-regulation-as-senate-passes-genius-act\/#What_is_the_GENIUS_Act\" title=\"What is the GENIUS Act?\">What is the GENIUS Act?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zebpay.com\/au\/blog\/us-moves-closer-to-stablecoin-regulation-as-senate-passes-genius-act\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>On June 17, 2025, the U.S. Senate passed the GENIUS Act, the country\u2019s first federal legislation specifically aimed at regulating stablecoins. Formally known as <em>Guiding and Establishing National Innovation for U.S. Stablecoins<\/em>, the GENIUS Act outlines a detailed regulatory structure for the issuance, backing, and disclosure requirements of dollar-pegged stablecoins in the United States. While the bill must still clear the House of Representatives and receive the President\u2019s signature, its Senate approval marks a significant turning point, not just for crypto regulation in the U.S., but also for how digital assets may integrate with traditional finance in the years ahead.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A_Landmark_Victory_for_Crypto\"><\/span><strong>A Landmark Victory for Crypto<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Reportedly, close to $250 million was funneled into the 2024 election cycle by the crypto industry to help usher in what is now believed to be the most crypto-friendly Congress in U.S. history. Market experts believe that the investment appears to be paying off. Passed by a 68\u201330 margin, the GENIUS Act is being hailed as a landmark win, not only for the wider crypto industry, but also for President Donald Trump\u2019s growing footprint in the digital asset space. Senator Kirsten Gillibrand (D-NY), one of the bill\u2019s key sponsors, stated that the legislation will \u201cprotect consumers, enable responsible innovation, and safeguard the dominance of the U.S. dollar,\u201d underscoring the bill\u2019s intended balance between innovation and oversight.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_GENIUS_Act\"><\/span><strong>What is the GENIUS Act?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The GENIUS Act marks the United States\u2019 first comprehensive federal framework designed specifically to regulate stablecoins. Passed by the Senate with strong bipartisan support, the bill sets out a series of rules aimed at ensuring transparency, consumer protection, and financial stability in the rapidly growing stablecoin market.<\/p>\n\n\n\n<p>The act mandates that all U.S. dollar\u2013pegged stablecoins be fully backed on a 1:1 basis by highly liquid assets, including cash or short-term U.S. Treasury instruments. Issuers will be required to publish monthly disclosures of their reserves, ensuring accountability and building trust with users. The bill also includes strict provisions for security measures, signaling a clear intent to prevent the misuse of stablecoins for illicit activities.&nbsp;<\/p>\n\n\n\n<p>Importantly, the GENIUS Act outlines who can issue stablecoins, limiting issuance to entities that meet specific regulatory standards, while barring current lawmakers and executive officials from launching stablecoin projects. By establishing these guardrails, the bill aims to protect consumers, support responsible innovation, and maintain the U.S. dollar\u2019s dominance in an increasingly digital global economy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The GENIUS Act arrives at a time when confidence in the stablecoin market is not just growing, it\u2019s accelerating, both in scale and strategic importance. U.S. Treasury Secretary Scott Bessent recently expressed confidence in the growth of dollar-backed stablecoins, projecting their market capitalization could surpass $2 trillion in the near future. Supporting this view, a 2024 report by brokerage firm Bernstein estimated that the stablecoin market could expand to $2.8 trillion over the next five years. These estimates highlight a future where stablecoins may serve as core infrastructure for global payments, remittances, and on-chain finance. With the GENIUS Act laying down a regulatory path, the U.S. is aligning its approach to digital assets, anchoring stablecoin development to the established credibility of the U.S. dollar.<\/p>\n\n\n\n<p>Unravel everything that you need for your crypto journey via <a href=\"https:\/\/zebpay.com\/au\/blog\">ZebPay blogs<\/a>. Get started today and join 6 million+ registered users on ZebPay!<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-vivid-cyan-blue-background-color has-text-color has-background has-link-color wp-element-button\" href=\"https:\/\/onboarding.zebpay.com\/onboarding?returnUrl=https%3A%2F%2Fzebpay.com%2Fapp\" target=\"_blank\" rel=\"noreferrer noopener\">TRADE NOW<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On June 17, 2025, the U.S. Senate passed the GENIUS Act, the country\u2019s first federal legislation specifically aimed at regulating stablecoins. Formally known as Guiding and Establishing National Innovation for U.S. Stablecoins, the GENIUS Act outlines a detailed regulatory structure for the issuance, backing, and disclosure requirements of dollar-pegged stablecoins in the United States. While [&hellip;]<\/p>\n","protected":false},"author":36,"featured_media":24684,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[14],"tags":[79,16,286],"class_list":["post-24683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-blockchain","tag-crypto","tag-stablecoins"],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts\/24683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/comments?post=24683"}],"version-history":[{"count":2,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts\/24683\/revisions"}],"predecessor-version":[{"id":24689,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/posts\/24683\/revisions\/24689"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/media\/24684"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/media?parent=24683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/categories?post=24683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/au\/wp-json\/wp\/v2\/tags?post=24683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}