The American House passed the Genius Act and officially sent it to President Trump. President Trump is expected to sign it soon. The bill received strong bipartisan support, with 306 votes.
This makes genius the first federal cryptography in US history. Set national standards for issuing and monitoring Stablecoin.
Genius Act Stablecoin Regulation finally passes
Genius Bill requires Stablecoin issuers to maintain 100% reserves, undergo regular audits, and register with federal or state regulators. It also prohibits the stability of non-backed algorithms.
Importantly, it is that it introduces a double licensing structure, empowering both federal and state authorities to approve and oversee publishers.
Lawmakers passed the bill with strong, bipartisan support. The Senate approved it earlier this month, making today’s House vote a final hurdle.
President Trump’s administration helped mediate the deal during this week’s political conflict. The law passed shortly after clarification had passed through the House of Representatives.
The law will come into effect in 2026 as Trump is expected to sign today. Institutions such as the Fed and OCC now draft implementation rules.
For the crypto sector, this marks a turning point. US regulated stubcoin has a legal basis for growth, along with guardrails for safety and transparency.
However, critics warn that the law could establish small publishers and large players like Circle and PayPal. Privacy advocates also raise concerns about surveillance risks.
Still, the act of genius is now forming a regulatory bedrock for US dollar-backed stubcoins.
What’s next:
Trump, who signs the law within hours of regulatory bodies to issue rules by 2026, should start preparing for compliance soon
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