GENIUS Act of 2025

Hozzl · 2025-03-21T14:51:51Z

Explore the details of Senate Bill 919 GENIUS Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

3/21/2025, 2:51 PM

Summary of Bill S 919

Bill 119 s 919, also known as the "Payment Stablecoin Regulation Act," is a piece of legislation introduced in the US Congress. The main purpose of this bill is to establish regulations for payment stablecoins, which are a type of cryptocurrency that is pegged to a stable asset, such as the US dollar.

The bill aims to address concerns about the potential risks and challenges posed by the use of stablecoins in the financial system. It seeks to ensure that stablecoin issuers are subject to appropriate regulatory oversight and that stablecoins are backed by sufficient reserves to maintain their stability.

Under the provisions of the bill, stablecoin issuers would be required to obtain a license from the appropriate regulatory authority and comply with certain reporting and disclosure requirements. The bill also includes provisions to protect consumers and investors, such as requiring stablecoin issuers to maintain reserves equal to the value of the stablecoins in circulation. Overall, the Payment Stablecoin Regulation Act is intended to provide a framework for the regulation of stablecoins in order to promote financial stability and protect consumers. It is currently being considered by Congress and may undergo further revisions before being voted on.

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Current Status of Bill S 919

Bill S 919 is currently in the status of Bill Introduced since March 10, 2025. Bill S 919 was introduced during Congress 119 and was introduced to the Senate on March 10, 2025. Bill S 919's most recent activity was Placed on Senate Legislative Calendar under General Orders. Calendar No. 33. as of March 18, 2025

Bipartisan Support of Bill S 919

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 919

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 919

A bill to provide for the regulation of payment stablecoins, and for other purposes.A bill to provide for the regulation of payment stablecoins, and for other purposes.

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