Bill

S 394

GENIUS Act of 2025

119th Congress Introduced by Angela Alsobrooks and 4 co-sponsors

Establishes a federal framework to regulate U.S. stablecoins, balancing safeguards with innovation, and affecting issuers, custodians, exchanges, and users.

Introduced in Senate

WeVote Research Nonpartisan

Bill Summary · S 394

GENIUS Act of 2025 (S. 394) — Summary

Overview

S. 394, introduced in the Senate on February 4, 2025, is titled the GENIUS Act of 2025. The formal short title to be cited is the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025. Based on the information provided, the bill’s substantive provisions are not included in the introduced text.

Purpose and Intent

The bill’s title suggests it seeks to guide and establish a national framework for innovation related to U.S. stablecoins. The exact policy objectives, requirements, and governance structures are not detailed in the information provided.
The designation implies a focus on stability, innovation, and regulatory approach for stablecoins issued or used in the United States.

Legislative Actions to Date

Introduced in the Senate on February 4, 2025.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs on the same day.
Status: Introduced; awaiting committee action.

Key Provisions (Not in Provided Text)

The available content does not include the bill’s actual provisions. Details such as specific regulatory authorities, definitions of “stablecoin,” registration or licensing requirements, consumer protections, capital or reserve requirements, enforcement mechanisms, or interagency coordination are not specified here.

Potential Impact (General Considerations)

If enacted, the GENIUS Act could establish a federal framework governing stablecoins, potentially affecting issuers, custodians, exchanges, and users.
Possible effects could include standards for stability reserves, disclosures, consumer protections, anti-money laundering/know-your-customer requirements, tracing of stablecoin transactions, and interagency regulatory oversight.
Innovation climate: The act’s emphasis on “National Innovation” may aim to balance regulatory safeguards with pathways for responsible innovation in digital assets.
Fiscal and regulatory burden: Depending on the final provisions, there could be compliance costs for entities issuing or transacting with stablecoins and potential Federal involvement in supervision or preemption of certain state rules.

Next Steps / Timeline

Awaiting Committee consideration by the Senate Committee on Banking, Housing, and Urban Affairs.
If reported favorably, the bill could move to further floor action, where amendments and votes would determine advancement or passage.
Watch for committee hearings, amended text, and any stakeholder briefings that may accompany future actions.

Note: This summary reflects only the information provided. For a complete analysis, the full text of the GENIUS Act of 2025 would be required to identify all provisions, definitions, and regulatory implications.

Compiled from official sources — confirm details with the bill’s official record.