S. 919, known as the “Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025” or the “GENIUS Act of 2025,” proposes a framework for regulating payment stablecoins in the United States. The bill establishes specific requirements for entities issuing...
Simple Explanation
The GENIUS Act of 2025 is like a big rulebook for people who make special digital coins called stablecoins, making sure they play fair by keeping enough money saved up, following laws to stop bad guys from hiding money, and being honest about what they do. If they break the rules, they can get into a lot of trouble with big fines.