The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act of 2025, as reflected in the latest available draft and discussions around the Senate vote on May 20, 2025, aims to create a comprehensive federal regulatory framework for payment stablecoins in the United States. Below is an overview of the bill’s key provisions, addressing whether technology companies can issue stablecoins, and other significant aspects, based on the most recent information available up to May 20, 2025.
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