S. 1582EnactedsenateImpact 6/10

GENIUS Act (Stablecoin Regulation)

Bill Hagerty(R-TN)Cosponsors · D 8 · R 14 · I 1

Last action: Became Public Law No: 119-27.
Action date: 2025-07-18

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

2025-06-17 · Yea 68 · Nay 30 · NV 2

Yea by party68

Nay by party30

DemGOPInd

Topics

EconomyFinanceTechnology