GENIUS Act of 2025
Feb 4, 2025
Very Pro Crypto
This bill establishes a comprehensive regulatory framework for payment stablecoins in the United States. It defines payment stablecoins, outlines strict 1:1 reserve requirements with highly liquid assets, mandates public disclosures and monthly audits, and grants regulatory oversight to federal and state banking authorities. The bill also clarifies that permitted payment stablecoins are not securities and provides strong customer protection through asset segregation and priority in insolvency.
Current Status
This bill is currently in the legislative process and has not yet been passed into law.Analysis
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Votes
For
Against
Total
0
0
(D)
0
0
(R)
0
0
Sponsor
A
Bill Hagerty(R) Senator
Cosponsors (4)
A
Angela Alsobrooks(D) Senator
A
Cynthia Lummis(R) Senator
A
Kirsten Gillibrand(D) Senator
A
Tim Scott(R) Senator
Voted For (0)
No votesVoted Against (0)
No votes