U.S. Senate Passes the GENIUS Act – Stablecoin Legislation Moves to the House

On June 17, 2025, the U.S. Senate passed S. 1582 (GENIUS Act) with bipartisan support (68–30), creating the first comprehensive federal framework for stablecoin regulation. This landmark legislation establishes clear regulatory pathways for a new form of digital payments while imposing significant compliance requirements that will reshape the competitive landscape for stablecoin startups….
By: Fenwick & West LLP