The U.S. Senate has made history by passing the GENIUS Act, a groundbreaking piece of legislation aimed at regulating dollar‑pegged https://bateryapp.in stablecoins. With a bipartisan vote of 68–30, this marks the first time comprehensive federal law will govern stablecoin issuers.
Under the GENIUS Act, stablecoin issuers must hold one-to-one reserves in liquid assets such as U.S. dollars or U.S. Treasury bills. The Act also sets out stringent compliance requirements: monthly reserve disclosures, anti‑money laundering measures, and detailed obligations on issuer governance.
The bill’s passage signals a dramatic shift in Washington’s attitude toward digital assets. Senator Bill Hagerty (R‑TN), one of the bill’s authors, called it a necessary step to “bring certainty and confidence” to stablecoins. Critics, however, warn it could give too much power to Big Tech and financial institutions, raising concerns about systemic risk.
Next, the House of Representatives will vote on the Act, where its future still carries uncertainty. But if signed into law, this regulation could embolden banks, fintechs, and even retailers to launch stablecoins, potentially reshaping how digital dollars are issued and used.
This is a pivotal moment — a signal that stablecoins are not just speculative crypto instruments, but increasingly framed as part of the mainstream financial fabric.
