On June 16, 2025, the Senate passed S. 1582, the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025, or GENIUS Act. An overview of key policy issues can be found here. The bill would establish a regime to regulate U.S. payment stablecoins.
What Is the GENIUS Act?
The Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act, S. 1582) is a U.S. law passed by the Senate in June 2025. It creates the first comprehensive federal regulatory framework for payment stablecoins—digital tokens designed to maintain a stable value, usually pegged to the U.S. dollar.
