If passed, the bill could set the first national regulatory framework for stablecoins in the United States.

The GENIUS Act is poised to become the first national regulatory framework for stablecoins in the U.S. If passed, it would mandate 100% reserves, annual audits for large issuers, and compliance rules for foreign entities.

Seen as a turning point in crypto regulation, industry leaders believe the bill could drive institutional adoption. Digital Asset Co-Founder and Chief Executive Officer Yuval Rooz called it a “pivotal shift” in crypto regulation: 

“The passage of the GENIUS Act marks a long-awaited shift from regulation by enforcement to regulation by clarity. It provides banks with a clear framework to confidently engage with stablecoins, unlocking stalled strategies by ensuring full reserves, regular audits, and substantive consumer protections.”

With a final Senate vote expected Monday, the bill’s outcome could reshape U.S. crypto policy and the role of stablecoins across finance.