US Senate, Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) ACT approved the bill with a large majority of 68 to 30 and realized a first in the history of the American crypto policy. The law brings a comprehensive audit framework, including reserve obligation for US -based stabilcoin exporters, transparency principles, obligations to prevent money laundering, and capital regulations.

🏛️ Joint support from democrats and republicans

Genius Act’s passing with such strong support opened a new gate for the crypto arrangements that have been stuck in the democrats’ disability for years. In particular, the support of some heavy balls within the Democratic Party increases the likelihood of the law in the House of Representatives.

Tennessee senator Bill Hagerty, the sponsor of the law, said in his speech before the vote of the bill:

“With this law, the United States is one step closer to the global leadership in the crypto field. Stabilcoins will now be supported by cash or short -term US bonds of 1: 1. This will bring confidence and stability to the sector.”

🧩 Crypto sector: “Historical Victory”

Defi Education Fund Manager Amanda Tuminelli, one of the leading names of the crypto industry, evaluated the passing of the bill with the following words:

“This is a revolutionary not only for the US, but also for global digital asset regulations. Uncertainty ends.”

Crypto Council for Innovation Temporary CEO Ji Kim described this step as “a historical progress for digital beings”.

⚖️ Criticism continues: Tether, Trump and Amazon concerns

Although the law finds extensive support, some democrats, especially Senator Elizabeth Warren, believe that the bill is inadequate. Critics are summarized in the following headings:

The law does not include stabilcoins from abroad (eg Tether - USDT).

Former president Donald Trump can create a conflict of interest with personal crypto investments.

Technology giants such as Amazon can remove their own stablecoins.

🔄 What will happen in the House of Representatives?

The law is now moving to the House of Representatives. Members of the Assembly will either vote or propose changes as it is. In case of amendment, the law will return to the Senate again and then submitted to President Donald Trump.

📊 Stabilcoins make up 60 %of US crypto transactions

According to the latest data of TRM Labs, the stabilcoins account for 60 %of all crypto transactions in the United States. 90 %of these transactions are performed via USDC and USDT, which is fixed by US dollars.

However, these popularity also attracted the attention of legislators. According to the TRM Labs report:

“Although 99 %of the stabilcoin transactions are legal, illegal usage areas such as ransom software, fraud and terror financing may also occur due to high speed, liquidity and scale.”

📌 Conclusion: USA opens a new page in crypto arrangements

With the passing of Genius ACT through the Senate, the United States crossed a historical threshold in terms of crypto policies. Now the eyes are in the House of Representatives. The future of stabilcoins seems to shape not only financial systems, but also the evolution of the digital economy.