Contact Congress about S. 919: GENIUS Act of 2025

Companies could not issue payment stablecoins in the U.S. unless regulators approve them. They would have to fully back each coin, follow anti-money-laundering rules, and give holders special protection if an issuer fails.

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GENIUS Act of 2025 is a Senate bill waiting for floor action. The latest recorded action: Placed on Senate Legislative Calendar under General Orders. Calendar No. 33.

Latest action on S. 919: Placed on Senate Legislative Calendar under General Orders. Calendar No. 33.

Who this affects: This bill mainly affects companies that issue, hold, trade, or use payment stablecoins. Banks, credit unions, crypto platforms, and state-regulated issuers would face new rules. People and businesses that hold stablecoins could get clearer protections, but stablecoins still would not have federal deposit insurance.

Why this matters: Stablecoins are already used in digital payments, but the rules are not always clear. This bill would tell issuers what they must do before offering payment stablecoins in the U.S. It could make holders safer by requiring full reserves and giving them priority if an issuer fails. It could also change which coins are available in the U.S. and which agencies have the main say over the market.

Key provisions in S. 919

• Only approved U.S. companies could issue covered payment stablecoins. They must be certain bank subsidiaries, nonbank issuers approved by the Comptroller of the Currency, or issuers that qualify under state rules.
• Issuers would need safe, easy-to-sell reserves worth at least as much as their coins. Allowed reserves include cash, insured deposits, short-term U.S. Treasury debt, approved government assets, or qualifying money market funds. They must publish monthly reserve reports reviewed by a registered public accounting firm.
• Issuers generally could not reuse reserve assets. The bill allows only narrow uses tied to margin, custody services, or short-term cash needs.
• Issuers would have to meet rules for capital, cash on hand, risk controls, and information technology. Federal regulators, and state regulators when they apply, would set those rules. Some bank holding company capital floor rules would not apply to these issuers when they are part of a bank holding company.
• Stablecoin issuers would count as financial institutions under the Bank Secrecy Act. That means they must run programs for anti-money-laundering, sanctions, records, suspicious-activity reports, and customer identity checks.

How Modern Action helps you take action on S. 919

You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.

Questions people ask about S. 919

What is S. 919?

Companies could not issue payment stablecoins in the U.S. unless regulators approve them. They would have to fully back each coin, follow anti-money-laundering rules, and give holders special protection if an issuer fails.

How do I support or oppose S. 919?

Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.

Who should I contact about S. 919?

Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.

How does Modern Action help me act on S. 919?

Modern Action gives you bill-specific context, lets you choose support, opposition, or changes, and drafts a message from your position and reasons.