S.919

GENIUS Act of 2025 Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025

Introduced·3/10/25

Establishes regulatory framework for U.S. payment stablecoins.

The GENIUS Act of 2025 establishes a regulatory framework for U.S. payment stablecoins, including defining permissible issuers, setting issuance standards, and prohibiting misrepresentation of insured status. It mandates reserves for stablecoins, outlines anti-money laundering requirements, and provides for judicial review of regulatory actions. The Act also allows for State-level regulation of certain stablecoins and sets conditions for international interoperability.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
In committee
Next
Committee decision

Sponsors

Democratic CaucusRepublican Caucus

History

Mar 18, 2025

Senate

Committee on Banking, Housing, and Urban Affairs. Reported by Senator Scott SC, under authority of the order of the Senate of 03/14/2025 with an amendment in the nature of a substitute. Without written report.

Mar 18, 2025

Senate

Placed on Senate Legislative Calendar under General Orders. Calendar No. 33.

Mar 13, 2025

Senate

Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.