The regulation of stablecoins in the United States has just crossed a historic CAP. The American Senate voted by 68 votes to 30 to advance the Genius Act bill, opening the way to a plenary debate. Does this advance finally mark the birth of a federal regulatory framework for cryptos backed by the dollar?
In short
- The American Senate adopts the Genius bill by 68 votes to 30, a major advance for the regulation of Stablecoins.
- John Thune actively defends legislation as a means of making the United States the “world capital of cryptos”.
- Elizabeth Warren and several Democrats express their concerns about Trump's controversial links with World Liberty Financial.
A strategic vote despite political tensions
On Wednesday, June 11, 2025, the Senate gave the green light to the progress of the Genius (Guiding and Establishing National Innovation for US Stablecoins) project, more than a month after its official introduction.
This parliamentary victory marks a turning point after the bitter failure of a previous bill on stablecoins a few weeks earlier.
John Thune, head of the senatorial majority, became the ardent defender of this revolutionary legislation.
“” We want to integrate crypto into the general public, and the Genius law will help us get there “, He declared with conviction.
His speech faithfully resumes the rhetoric of Donald Trump, promising to make the United States the “world capital of cryptos”.
This legislative advance is part of a broader dynamic of Crypto regulation. The Clarity Act, currently examined in the room, perfectly completes the Genius approach. Two chamber commissions also voted in favor of this complementary text last Tuesday.
The Stablecoins sector, dominated by actors like Circle with its USDC, is impatiently awaiting this regulatory clarification.
The most optimistic forecasts evoke spectacular market growth, which could reach $ 2,000 billion by 2028, almost ten times its current valuation of 230 billion.
Tenacious oppositions that persist despite the bipartisan support
Despite this parliamentary victory, criticisms are still. Elizabeth Warren, Senator of Massachusetts, delivered a severe indictment against the Genius project. It denounces unresolved “fundamental problems” and “flaws” in the guarantees offered for consumers.
Warren goes further by directly pointing to Trump's potential conflicts of interest. “” Thanks to his crypto activity, Trump has created an effective way to exchange presidential favors She accuses.
These attacks target in particular the controversial links of the president with World Liberty Financial and the privileges granted to holders of his same.
The battle is not over. The project must still survive the Senate plenary vote, then face the examination of the House of Representatives where the Republicans hold only a small majority. This complex political configuration could complicate the final adoption of the text.
David Sacks, “Tsar of AI and Cryptos” of the Trump administration, remains optimistic. He tries on a solid bipartisan support to concretize the adoption of the Genius law. At the same time, the stable law, its equivalent to the House of Representatives, continues its exam within the Commission of Financial Services.
A major transformation for the crypto ecosystem
This legislative advance could revolutionize the American stablecoins industry. The Genius framework requires strict guarantees: each stablecoin will have to be backed by US dollars or equivalent liquid assets.
Annual audits will become compulsory for issuers over $ 50 billion in capitalization.
The adoption of this law would considerably strengthen the competitive position of the United States in the face of other crypto-friendly jurisdictions. It could also stimulate a massive demand for American treasury bills, analysts predicting purchases of $ 1,600 billion in T-Bills over four years.
This dynamic would consolidate the hegemony of the dollar in the world crypto universe, thus transforming stablecoins into real pillars of American digital finance.
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