S 394 · in committee · significant
GENIUS Act of 2025
- technology
What this bill does
- This bill creates a regulatory system allowing only certain institutions to issue payment stablecoins backed by U.S. currency.
- Banks, non-bank payment companies, and state-regulated issuers can issue stablecoins if they meet federal or state requirements.
- Issuers must maintain full reserves, disclose redemption policies monthly, and comply with anti-money laundering rules.
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Community Threads
Started by Cosponsor
- 01
Which types of institutions should be allowed to issue stablecoins, and what safeguards would you require to protect consumers?
- 02
How might limiting stablecoin issuers to federally regulated entities affect innovation and competition in digital payment systems?
- 03
What risks could arise from requiring full reserve backing, and does this approach adequately protect depositors compared to current banking rules?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-TN
Bill Hagerty
Citizen cosponsors
0
In Congress
4/ 100
Senators cosponsoring
Introduced 2025-02-04
Joining the bill
Legislative timeline
2025-02-04 · senate · IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2025-02-04 · IntroReferral
Introduced in Senate
Citizen comments
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