Stablecoin

President Trump

<div class="key-points-section"><strong>Key Takeaways:</strong>
 <ul>
  <li>U.S. Senate approves GENIUS Act for regulating stablecoins.</li>
  <li>Bipartisan support ensures passage in Senate.</li>
  <li>Federal oversight targets $250 billion stablecoin market.</li>
 </ul>
</div>
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 The U.S. Senate has passed the <a href="https://www.congress.gov/bill/119th-congress/senate-bill/1582/text" rel="noopener noreferrer nofollow">GENIUS Stablecoin Bill</a> on June 17, 2025, in Washington D.C., marking a historical moment in cryptocurrency regulation.
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 The GENIUS Act is seen as a watershed moment in U.S. regulatory history, shaping the stablecoin market and compliance landscape.
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 The GENIUS Act was passed by the U.S. Senate with <strong>bipartisan support</strong> spearheaded by Senator Tim Scott, the <a href="https://www.banking.senate.gov/about/chairman" rel="noopener noreferrer nofollow">Senate Banking Committee Chairman</a>. It aims to establish the first comprehensive federal framework for stablecoins in the United States. President Trump advocated for the bill's swift passage, emphasizing its significance for financial innovation.
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 The legislation targets the <strong>$250 billion stablecoin market</strong>, affecting major U.S. dollar-backed tokens like USDT and USDC. New regulations will require issuers exceeding a <strong>$10 billion threshold</strong> to adhere to federal oversight, while smaller operators may continue under compatible state regulations. Algorithmic stablecoins remain outside this regulatory scope.
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<section><strong>Immediate effects</strong> include increased scrutiny and compliance for stablecoin issuers, aligning federal and state regulatory approaches. While the market could <strong>see growth in compliant assets</strong>, concerns over innovation and state-level regulatory autonomy remain.
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<blockquote>
 "Today is a bold step forward – not just for financial innovation, but for American leadership, consumer protection, and economic opportunity. With the GENIUS Act, we’re bringing clarity to a sector that’s been clouded by uncertainty and proving that bipartisan, principled leadership can still deliver real results for the American people." — Tim Scott, <a href="https://www.banking.senate.gov/newsroom/majority/scott-champions-historic-senate-passage-of-genius-act" rel="noopener noreferrer nofollow">Chairman, Senate Banking Committee</a>
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 The GENIUS Act's passage potentially <strong>reshapes financial markets</strong> by providing much-needed regulatory clarity. As federal frameworks solidify, the <a href="https://www.banking.senate.gov/newsroom/majority/scott-advances-stablecoin-debanking-legislation-out-of-banking-committee" rel="noopener noreferrer nofollow">crypto industry</a> might experience both <strong>economic growth and regulatory challenges</strong>. Industry participants are watching for <strong>further guidance</strong> and market developments in response to this landmark legislation.
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 Potential <strong>outcomes include shifts in digital currency usage</strong>, with emphasis on <strong>safe, federally sanctioned stablecoins</strong>. Historical precedents suggest future issues may center on <strong>balancing freedom for innovation and regulatory compliance</strong>. Industry leaders eagerly await further regulatory updates to <strong>navigate these changes</strong>.
</section> <a href="https://aicryptocore.com/senate-passes-genius-stablecoin-bill/" rel="noopener noreferrer nofollow">Read original article on aicryptocore.com</a>

U.S. Senate Approves GENIUS Stablecoin Regulatory Bill

AICryptocore.com

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