US Senate Passes GENIUS Act Stablecoin Bill

🏦 June 17, 2025: The Senate has officially passed the GENIUS Act, a major step in regulating crypto stablecoins. Treasury Secretary Bessent says the move could cut government borrowing costs and help reduce the national debt.
Crypto Czar David Sacks: The stablecoin bill enhances consumer protection and extends US dollar dominance.
📊 June 12, 2025: Trump Signals Strong Support for Crypto in Coinbase Summit Message.
President Donald Trump continues to court the crypto community, releasing a video address for Coinbase’s State of Crypto Summit in New York. As Congress debates crucial legislation on payment stablecoins and digital asset market structure, Trump reaffirmed his commitment to fostering American leadership in blockchain innovation. This follows his in-person appearance at the Bitcoin 2024 conference in Nashville, marking a clear pivot toward embracing digital assets as part of his broader economic agenda.
🏛️ June 2, 2025: The US Senate is edging closer to passing the GENIUS Act, a pivotal stablecoin bill, as lawmakers engage in a bipartisan push to finalize amendments. A vote on several proposed changes is expected soon. If consensus is reached, the bill could pass before the end of the week—marking a major step toward regulatory clarity in the crypto space. 💵🧠
⚔️ Hong Kong has officially passed a landmark stablecoin bill, bringing the city one step closer to issuing its own regulated digital currency. The legislation establishes a legal framework for stablecoin issuance and oversight, signaling Hong Kong's growing ambition to become a global hub for digital finance. With this move, the region joins a wave of governments accelerating efforts to integrate blockchain into their financial systems.
🧭 May 20, 2025: The Senate’s GENIUS Act just cleared a key cloture vote, paving the way for a full vote on the “Guiding and Establishing National Innovation for U.S. Stablecoins of 2025”! This bipartisan bill aims to regulate stablecoins, boosting U.S. dollar dominance and crypto innovation. Next stop: Senate floor!
🏛 May 15, 2025: Senators Gillibrand & Lummis are optimistic about the GENIUS Act, predicting approval within 10 days! This stablecoin bill could bring major regulatory clarity to the US crypto market.
May 9, 2025: 🚨 GENIUS Act rejected in US Senate, 48-49! The stablecoin regulation bill fell short amid Democrat concerns over Trump family crypto influence. A setback for financial innovation?💥 The project’s future hangs in balance—possible revisions or a pivot to STABLE Act loom.
08 May, 2025: The GENIUS Act, a landmark bill aimed at establishing the first U.S. federal framework for regulating stablecoins, is set for a Senate vote today. Initially enjoying bipartisan support, the bill now faces significant opposition due to ethical concerns surrounding former President Donald Trump's involvement in cryptocurrency ventures. Democrats are pushing for amendments to prevent public officials from profiting off digital assets, citing potential conflicts of interest. Despite these tensions, industry leaders advocate for the bill's passage to provide much-needed regulatory clarity and maintain U.S. leadership in the digital economy.
The financial world is witnessing an unprecedented shift as stablecoins become the battleground for economic dominance. Max Keiser believes gold-backed stablecoins will soon outcompete traditional USD stablecoins, aligning with the broader trend of banks and fintech firms joining the "stablecoin gold rush," as reported by the Financial Times.
Meanwhile, in Washington, Senator Mike Lee has once again proposed legislation to dismantle the Federal Reserve, signaling a growing pushback against centralized monetary control. At the same time, President Donald Trump has launched the "World Liberty" stablecoin on Ethereum and BNB Chain, with reports suggesting a broader effort to rebrand USAID and integrate blockchain technology into government initiatives.
On Capitol Hill, a new stablecoin bill is moving forward in the House Committee, while CoinDesk reports that Worldcoin is in discussions with Visa to develop a stablecoin wallet. Despite these disruptions, White House economic adviser Bessent insists that stablecoins will help sustain the dollar's dominance. Tech investor David Sacks takes it a step further, predicting that stablecoins will drive trillions into U.S. Treasuries, reinforcing America’s economic influence.
As the stablecoin landscape evolves, the battle for monetary supremacy intensifies. Whether through gold-backed assets, blockchain integration, or regulatory battles, the future of finance is being rewritten in real-time.