The U.S. Senate passes the "GENIUS Act" on stablecoins, shifting focus to the House of Representatives

MetaEraJun 17, 2025
#Macro
MetaEra news, on June 18 (UTC+8), the U.S. Senate officially passed the milestone GENIUS Act on Tuesday, advancing the federal government's regulatory efforts on stablecoins and pressuring the House of Representatives to plan the next phase of national digital asset regulatory efforts. This is the first time the Senate has passed significant cryptocurrency legislation. The initiator of the GENIUS Act, Republican Senator Bill Hagerty, thanked some of his Senate colleagues for their support before the formal vote. Less than a week ago, lawmakers passed the bill by an overwhelming majority, and many expected the bill to be approved. Next, the House needs to decide how to proceed. In April this year, the House Financial Services Committee introduced its own stablecoin legislation—the Stablecoin Transparency and Accountability Promoting a Better Ledger Economy Act. However, this bill has not yet been submitted for a full House vote. (Source: Bitpush)
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The U.S. Senate passes the "GENIUS Act" on stablecoins, shifting focus to the House of Representatives

MetaEraJun 17, 2025
#Macro
MetaEra news, on June 18 (UTC+8), the U.S. Senate officially passed the milestone GENIUS Act on Tuesday, advancing the federal government's regulatory efforts on stablecoins and pressuring the House of Representatives to plan the next phase of national digital asset regulatory efforts. This is the first time the Senate has passed significant cryptocurrency legislation. The initiator of the GENIUS Act, Republican Senator Bill Hagerty, thanked some of his Senate colleagues for their support before the formal vote. Less than a week ago, lawmakers passed the bill by an overwhelming majority, and many expected the bill to be approved. Next, the House needs to decide how to proceed. In April this year, the House Financial Services Committee introduced its own stablecoin legislation—the Stablecoin Transparency and Accountability Promoting a Better Ledger Economy Act. However, this bill has not yet been submitted for a full House vote. (Source: Bitpush)
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