GENIUS Act Passed: Crypto Enters the Mainstream
2025-07-18
The US House of Representatives passed the landmark GENIUS Act, establishing federal regulations for stablecoins. This marks a major shift, bringing cryptocurrencies out of the regulatory gray area and into the mainstream financial system. The act requires stablecoin issuers to hold one-to-one reserves in cash or US Treasury bills, mandates monthly disclosures, prioritizes consumer protection in case of issuer bankruptcy, and provides a framework for both federal and state oversight. This not only regulates the crypto market but also positions the US for leadership in the global digital currency race, paving the way for stablecoin-based instant global payments and everyday applications.
Tech
GENIUS Act