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Establishing Safety and Regulation for US Payment Stablecoins (GENIUS Act).

This law creates a regulatory framework for payment stablecoins, aiming to enhance financial security for users of these digital assets. It mandates that issuers maintain reserves on at least a 1:1 basis in specified assets and ensures that stablecoin holders' claims have priority over other claims if an issuer faces insolvency. This allows citizens to use dollar-pegged digital currencies more safely.
Key points
All payment stablecoins must be 100% backed by reserves consisting of assets like cash, deposits, or short-term Treasury bills.
Issuers must publish a monthly report on their website detailing the composition of their reserves, which must be examined by a registered public accounting firm.
If a stablecoin issuer becomes insolvent, claims by stablecoin holders have first priority over any other claim against the debtor.
The law amends legal definitions to clarify that payment stablecoins issued by permitted issuers are not considered securities.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_394
Sponsor: Sen. Hagerty, Bill [R-TN]
Process start date: 2025-02-04
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

GENIUS Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_394.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-02-04.

What are the main provisions?

Key points include:

  • All payment stablecoins must be 100% backed by reserves consisting of assets like cash, deposits, or short-term Treasury bills.
  • Issuers must publish a monthly report on their website detailing the composition of their reserves, which must be examined by a registered public accounting firm.
  • If a stablecoin issuer becomes insolvent, claims by stablecoin holders have first priority over any other claim against the debtor.
  • The law amends legal definitions to clarify that payment stablecoins issued by permitted issuers are not considered securities.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Hagerty, Bill [R-TN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-31.

CATEGORIES

Economy Courts and Law