In today’s vote, the US Senate approved the National Innovation Orientation and the Stabcoin Establishment Act (Genius Act). This initiative will be passed to the House of Representatives, where it will be evaluated.
After weeks of negotiations, the company focused on issues related to the proposal, such as consumer protection and national security. The final vote reflects bipartisan support for the potential for project integration.
Laws promoted by senators such as Bill Hagerty and Tim Scott establish strict requirements for stablecoins emitters, requiring that such cryptoactives be supported 100% by US dollars or equivalent liquid assets, in addition to being subject to regular audits.
The initiative aims to position the US as a global leader in digital financial innovation in response to regulations already adopted in regions such as the European Union.
According to supporters, Genius Law is key to maintaining global hegemony in the dollar, as its position is strengthened as a major preparation for competitors such as China’s Yuan Digital and the Euro by integrating this currency-backed stubcoins in the international financial system.
As reported by Cryptonotics, during his participation in Bitcoin Conference 2025, Law promoter Sen. Bill Hagerty highlighted that. Stablecoins are the foundation of modernizing the US financial system. It strengthens the global leadership of the dollar, which has lost control.
“Our payment system is outdated and introduces risk and delayed operations for several days… The law not only brings efficiency and speed, but also strengthens our position with the demand and demand for treasures that do not share our interests, such as the Chinese Communist Party,” the civil servant explained.
However, the law is not exempt from criticism. Senator Elizabeth Warren warns of possible risks, particularly in relation to President Donald Trump’s activities in the cryptographic sector.
The Genius Law is currently moving towards the House of Representativesit will be reviewed, discussed and subject to new votes. In this example, you could even settle with other regulatory proposals on stable bills, such as stable bills.
If the Chamber of Commerce approves the genius’ proposal as is, it will be sent directly to President Donald Trump for his signature or veto. However, if the changes are introduced, a conference committee must be established to unify the Senate and Chamber of Commerce versions and approve the final text in the same way before sending it to the President.
Trump, who has publicly supported the project on multiple occasions, has declared that he hopes that by August the Genius Act is solidly prepared.
