The U.S. Senate updates the stablecoin bill GENIUS Act 2025: Expanding overseas payment stablecoin reciprocity provisions

According to ChainCatcher news, the latest version of the "Guidance and Establishment of the U.S. Stablecoin Innovation Act" (GENIUS Act 2025) released by the U.S. Senate specifically expands the "Reciprocity for Payment Stablecoins Issued in Overseas Jurisdictions." The U.S. Secretary of the Treasury is required to reach bilateral agreements with countries that have similar stablecoin regulatory frameworks to ensure the coordination of reserve requirements, oversight, anti-money laundering and anti-terrorism measures, sanctions compliance standards, liquidity requirements, and risk management standards. This reciprocity arrangement must be completed within two years of the bill's enactment to facilitate international transactions and enhance the interoperability of overseas payment stablecoins denominated in U.S. dollars.

In addition, the bill explicitly excludes licensed payment stablecoin issuers from the definition of "commodities" under the Commodity Exchange Act, further clarifying regulatory responsibilities.