In a historic legislative development, the U.S. House of Representatives passed the bipartisan GENIUS Act with a 308-122 vote, marking the nation's first regulatory framework for payment stablecoins. Following the Senate's earlier approval, the bill now awaits the President's signature to become law. The GENIUS Act, which stands for Guiding and Establishing National Innovation for U.S. Stablecoins, aims to strengthen the U.S.'s leadership in digital asset technology by setting standards for reserve backing, transparency, and consumer protections. Dante Disparte of Circle commended the legislative effort, highlighting its potential to boost U.S. competitiveness and democratize financial access globally. Once enacted, the legislation will provide regulatory clarity, fostering trust and innovation in the digital finance sector, and reinforcing the dollar's global standing. Circle remains committed to collaborating with regulators as this crucial legislation progresses.