S. 394In Committee
GENIUS Act of 2025
Establishes a federal and state regulatory framework for payment stablecoins, including issuer eligibility, reserve backing, disclosures, oversight, and related legal treatment
Plain-English overview
What this bill does
Establishes a federal and state regulatory framework for payment stablecoins, including issuer eligibility, reserve backing, disclosures, oversight, and related legal treatment
Key points
- Establish payment stablecoin framework
- Require one to one reserves
- Direct Federal Reserve agreements
- Limit issuance to permitted issuers
Current status
Where it stands
Status
In Committee
Latest action
2025-02-04 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Related context
Topics and policy areas
undefinedFinance and Financial Sector