US Senate updates stablecoin bill GENIUS Act 2025: expands stablecoin reciprocity provisions for overseas payments

According to the latest release of the GENIUS Act 2025 by the US Senate, the updated bill specifically expands the "Reciprocity for Payment Stablecoins Issued in Overseas Jurisdictions" clause. The US Treasury Secretary is required to reach bilateral agreements with countries that have similar stablecoin regulatory frameworks to ensure coordination of reserve requirements, supervision, anti money laundering and counter-terrorism measures, sanction compliance standards, liquidity requirements, and risk management standards. This reciprocal arrangement needs to be completed within two years of the bill taking effect to promote international transactions and enhance interoperability with overseas payment stablecoins denominated in US dollars. In addition, the bill explicitly excludes licensed payment stablecoin issuers from the scope of "goods" defined in the Commodity Exchange Act, further clarifying regulatory responsibilities.