Stablecoins Law is approved in the United States Senate

In a vote held today, the United States Senate approved the National Innovation Orientation and Establishment Law for Stablecoins (Genius Act). The initiative will now pass to the House of Representatives, where it will be evaluated.

After weeks of negotiations focused on issues related to the proposal, such as consumer protection and national security, The final vote reflected a bipartisan support to the possible consolidation of the project.

The law, promoted by senators such as Bill Hagerty and Tim Scott, establishes strict requirements for Stablecoins emitters, demanding that such cryptoactives be 100% supported by US dollars or equivalent liquid assets, in addition to undergoing regular audits.

This initiative seeks to position the United States as a global leader in digital financial innovation, in response to regulations already adopted in regions such as the European Union, with its Mica Law.

According to supporters, the Genius law is key to sustaining the global hegemony of the dollar, since by integrating the stablcoins backed by this currency in the international financial system, its position will be reinforced as the main reserve against competitors such as the Chinese Yuan Digital or the euro.

As Cryptonotics reported, during his participation in the Bitcoin Conference 2025, Senator Bill Hagerty – promoter of the law – stressed that Stablecoins are fundamental to modernize the US financial system. and strengthen the global leadership of the dollar that is losing dominance.

“Our payment system is obsolete, introduces risks and delays operations for days … This law will not only bring efficiency and speed, but will also strengthen the demand for treasure bonds and our position against actors who do not share our interests, such as the Chinese Communist Party,” explained the official.

However, the law has not been exempt from criticism. Senator Elizabeth Warren has warned about possible risks, especially in relation to President Donald Trump’s activities in the cryptoactive sector.

Genius law now advances towards the House of Representativeswhere it will be reviewed, discussed and subjected to a new vote. In this instance, it could even be reconciled with other regulatory proposals regarding Stablecoins, such as the draft stable law.

If the Chamber approves the Genius proposal as it is, it will be sent directly to President Donald Trump for his signature or veto. But, in the event that changes are introduced, a conference committee will be formed to unify the versions of the Senate and the Chamber, which must then approve the final text identically before sending it to the president.

Trump, who has supported the project publicly on multiple occasions, has declared that he hopes that the genius law is ready for firm before August.