S. 394: GENIUS Act of 2025

S. 394 is a federal bill in the 119th Congress. Currently, payment stablecoins operate under a patchwork of state rules and unclear federal oversight, leaving consumers vulnerable if an issuer fails. This bill establishes a formal system where only approved entities, such as bank subsidiaries or… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.