S. 1582
GENIUS Act - Regulatory Framework for Payment Stablecoins
Date of Vote: June 17, 2025
Chamber of Origin: SenateCongress: 119thRoll Call Number: 318 | Session Number: 1
The Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) establishes a comprehensive regulatory framework for payment stablecoins in the United States. It defines key terms, sets standards for issuance and reserve maintenance, and outlines supervisory and enforcement mechanisms. The Act distinguishes between Federal and State qualified payment stablecoin issuers, with specific requirements for each, and addresses the treatment of stablecoin issuers in insolvency proceedings, aiming to promote financial stability and protect consumers.1
Turning Point Action’s Position
Voted YEA
68VOTED NAY
30Voted yea
Voted nay
Not voting
Present
Abstaining
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