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October Surprise 2024

Section-by-Section: Guiding and Establishing National Innovation for U …

S. 1582, the GENIUS Act, was introduced on May 1, 2025, by Senator Bill Hagerty (R-TN). S. 1582 provides a clear regulatory framework for the issuance of payment stablecoins in the U.S. The GENIUS Act passed the U.S. Senate by a bipartisan vote of 68-30 on June 17, 2025.