The GENIUS Act passage in June 2025 laid groundwork for stablecoin standards ahead of Senate negotiations on comprehensive digital-asset market-structure legislation

Date

June 17, 2025

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The release of these market structure principles comes on the heels of significant legislative momentum for digital assets, including the recent Senate passage of the GENIUS Act— stablecoin legislation that Senator Hagerty co-authored alongside Chairman Scott and Senator Lummis. As Senator Hagerty noted after the GENIUS Act’s passage, “the United States is one step closer to becoming the crypto capital of the world,” and these new market structure principles represent the next crucial step in that journey.

The Senate passed the GENIUS Act on June 17, which creates a regulated pathway for private firms to issue digital dollars with the federal government’s permission. The Guiding and Establishing National Innovation for U.S. Stablecoins Act passed with a 68-30 vote.

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Week 25 of 2025