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S. 1582EnactedsenateImpact 6/10

GENIUS Act (Stablecoin Regulation)

Sponsor

Sen. Bill Hagerty (R-TN)202-224-4944Contact form251 Russell Senate Office Building
Cosponsors · D 8 · R 14 · I 1
Congress.gov
Last action
Became Public Law No: 119-27.
Action date
07/18/2025

What it does

Federal framework for payment stablecoin issuance, reserves, and supervision.

Why it matters

Sets the ground rules for a rapidly growing payments market that can transmit bank-like runs without bank-like protections.

Progressive take

Consumer protection and AML rules are the core fight. Industry-written frameworks that privatize gains and socialize runs should be rejected on the text, not the buzzwords.

Roll-call receipts

Senate · On Passage of the Bill

06/17/2025 · Yea 68 · Nay 30 · NV 2

Yea by party68
Nay by party30

Full roll call · 100 members#318

Official receipt

Yea (18)

Nay (26)

Not Voting (1)

Yea (50)

Nay (2)

Not Voting (1)

Tap a member for office phone and official contact (emails only when published; never invented).

Topics

EconomyFinanceTechnology

Sources