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Bills /

GENIUS Act

S. 1582 · 119th Congress · Congress.gov

What it does
Federal licensing and reserve rules for payment stablecoins.
What happened
Signed into law in July 2025.
Scored as
Yea = bag-friendly. Gives stablecoins a legal home and bank-grade legitimacy. Some holders argue it favors big issuers, but it was the industry's top ask. A yes vote is bag-friendly.

Senate · Jun 17, 2025

On Passage · weight 1 · Official roll call 318

Most Democrats voted Nay; most Republicans voted Yea.

68bag-friendly (Yea)D 18 · R 50 · I 0
30bag-hostile (Nay)D 26 · R 2 · I 2
2not voting / present
Every vote

bag-friendly

Not voting

House · Jul 17, 2025

On Passage · weight 1 · Official roll call 200

Most Democrats voted Nay; most Republicans voted Yea.

308bag-friendly (Yea)D 102 · R 206 · I 0
122bag-hostile (Nay)D 110 · R 12 · I 0
2not voting / present
Every vote

bag-friendly

bag-hostile

Not voting