GENIUS Act

Hozzl · 2025-07-21T18:43:59Z

Explore the details of Senate Bill 1582 GENIUS Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

7/21/2025, 6:43 PM

Summary of Bill S 1582

The bill "A bill to provide for the regulation of payment stablecoins, and for other purposes" was introduced in the 119th Congress on May 1, 2025. The bill aims to regulate payment stablecoins and may include provisions related to oversight, compliance requirements, consumer protection, and potentially define specific roles for regulatory entities in overseeing stablecoin transactions.

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Current Status of Bill S 1582

Bill S 1582 is currently in the status of Signed by President since July 18, 2025. Bill S 1582 was introduced during Congress 119 and was introduced to the Senate on May 1, 2025. Bill S 1582's most recent activity was Became Public Law No: 119-27. as of July 18, 2025

Bipartisan Support of Bill S 1582

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 1582

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Accounting and auditing

- Administrative law and regulatory procedures

- Bank accounts, deposits, capital

- Banking and financial institutions regulation

- Bankruptcy

- Business records

- Civil actions and liability

- Congressional oversight

- Currency

- Department of the Treasury

- Digital media

- Financial crises and stabilization

- Financial services and investments

- Fraud offenses and financial crimes

- Government studies and investigations

- Interest, dividends, interest rates

- International monetary system and foreign exchange

- Judicial procedure and administration

- Judicial review and appeals

- Licensing and registrations

- Securities

- State and local government operations

Alternate Title(s) of Bill S 1582

A bill to provide for the regulation of payment stablecoins, and for other purposes.

Comments

Ayla Boykin

25,131

6 months ago

What does this bill mean for me? I'm confused about how it will impact us.

Wrenlee Singleton

25,794

6 months ago

This bill is a total disaster! It's gonna mess everything up for me and my family. Can't believe they're even considering this crap. It's gonna be a nightmare if it passes. We need to wake up and see the bigger picture here.