S. 919Introduced
GENIUS Act of 2025
Establishes a federal and state regulatory framework for payment stablecoin issuers, reserves, disclosures, and oversight in the United States
Plain-English overview
What this bill does
Establishes a federal and state regulatory framework for payment stablecoin issuers, reserves, disclosures, and oversight in the United States
Key points
- Establish payment stablecoin framework
- Require one to one reserves
- Require monthly reserve disclosures
- Allow foreign issuer operations
Current status
Where it stands
Status
Introduced
Latest action
2025-03-18 — Placed on Senate Legislative Calendar under General Orders. Calendar No. 33.
Related context
Topics and policy areas
undefinedAccounting and auditingBank accounts, deposits, capitalBanking and financial institutions regulationBankruptcyBusiness recordsCivil actions and liabilityCongressional oversight