Advancements in the creation of stablecoin structure deliberated by the Federal Reserve suggested.
The bipartisan **GENIUS Act**, aimed at establishing a federal regulatory framework for payment stablecoins, has made significant progress in the U.S. Congress. On June 17, 2025, the Senate passed the bill with a strong bipartisan vote of 68-30, marking the first time stablecoin legislation has cleared either chamber of Congress [1][4].
Following the Senate's approval, the bill is now under consideration in the House of Representatives. The Financial Services Committee has previously moved a related bill—the **STABLE Act**—out of committee, which has some differences from the GENIUS Act [1][3][5]. These differences include GENIUS’s requirements for stablecoin issuers to be U.S.-based, mandates for state-issued stablecoins to shift to federal regulation above a $10 billion issuance threshold, and ownership limits on nonfinancial public companies owning stablecoin issuers.
The House has yet to set a clear timeline for passing the GENIUS Act, but congressional leadership is aiming to meet a deadline for President Trump's signature by August 2025. The House vote on moving the GENIUS Act forward was narrow (215 to 211) along party lines, with all Democrats opposing advancement [1][3][5].
If passed, the GENIUS Act would provide more **regulatory clarity** for stablecoins like USDT, USDC, and others, potentially increasing **institutional confidence and adoption**. Federal Reserve Chair Jerome Powell has signaled that the Federal Reserve is advancing a regulatory framework for stablecoins, reinforcing the momentum toward clearer rules [2]. This could result in enhanced trust in stablecoins and potentially attract substantial capital inflows, boosting the stablecoin market and U.S. attractiveness to global investors [2].
In summary, the passage of the GENIUS Act would mark a historic moment for stablecoin regulation in the U.S., likely strengthening their legitimacy and stability in the market [1][2][3][4][5].
| Aspect | Status/Impact | |------------------------------|--------------------------------------------------| | Senate passage | Passed the GENIUS Act 68-30 (June 17, 2025) | | House status | Moved forward narrowly (215-211); timeline unclear but strong GOP push | | Key differences from House bill (STABLE Act) | Issuer location, federal takeover at $10B issuance, ownership limits | | Regulatory effect | Federal framework for payment stablecoins | | Impact on USDT, USDC, others | Increased regulatory clarity, institutional adoption, market confidence | | Federal Reserve view | Advancing regulatory framework | | Legislative deadline | Aiming for President Trump's signature by August 2025 |
Businesses in the cryptocurrency sector may experience increased institutional confidence and adoption due to the potential passage of the GENIUS Act, providing more regulatory clarity for stablecoins like USDT and USDC. This legislation, if signed into law, could boost the stablecoin market and make the U.S. more appealing to global investors, attracting substantial capital inflows. However, the House needs to set a clear timeline for passing the GENIUS Act, and key differences between the GENIUS Act and the previously considered STABLE Act may require negotiation.
