Bills / S. 1582
S. 1582
GENIUS Act
In plain English
The GENIUS Act sets rules for payment stablecoins, digital assets that issuers must redeem for a fixed value. It generally limits issuance to approved companies overseen by federal or state regulators. Issuers must fully back their stablecoins with cash or other approved assets, publish monthly reserve details, explain redemption rules, and follow anti-money laundering laws. It affects stablecoin issuers, businesses that offer stablecoins, and people who use them in the United States.
Simplified by AI from the Congressional Research Service summary. Check the full text on Congress.gov.
Sponsor and status
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How South Carolina voted
On Passage of the Bill · Senate roll call 318 · 2025-06-17 · Roll-call record ↗
| Darline Graham (R) | Lindsey Graham (R) | Tim Scott (R) |
|---|---|---|
| Not serving | Yea | Yea |
Who lobbied
Lobbying reports name the bills a client worked on. They don't say which side anyone took.
317 reports from 101 clients reporting $96,040,284 in fees and expenses. Fees cover each report's whole lobbying effort, not just this bill.
Businesses and trade groups (71)
- VISA, INC. ↗7 reports
- COINBASE, INC. ↗Finance · 13 reports
- CONSUMER BANKERS ASSOCIATION ↗6 reports
- CITIGROUP WASHINGTON, INC. ↗4 reports
- ERNST & YOUNG LLP (WASHINGTON COUNCIL ERNST & YOUNG) ↗Legal · 7 reports
- NFIB (NATIONAL FEDERATION OF INDEPENDENT BUSINESS) ↗1 report
- BLOCK INC. ↗11 reports
- S&P GLOBAL INC. (F/K/A MCGRAW HILL FINANCIAL INC.) ↗Finance · 7 reports
- FOOD MARKETPLACE INC ↗5 reports
- BLOCKCHAIN ASSOCIATION ↗6 reports
- MANAGED FUNDS ASSOCIATION ↗2 reports
- AMERICAS CREDIT UNIONS, FKA CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICA ↗2 reports
- SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION ↗Finance · 1 report
- PAYWARD INC. (FORMERLY KNOWN AS PAYWARD INTERACTIVE, INC. D/B/A KRAKEN) ↗7 reports
- NATIONAL RESTAURANT ASSOCIATION ↗2 reports
- THE PNC FINANCIAL SERVICES GROUP ↗Finance · 5 reports
- IDEMIA IDENTITY & SECURITY USA LLC ↗4 reports
- INVESTMENT COMPANY INSTITUTE ↗1 report
- PACIFIC LIFE INSURANCE COMPANY ↗Finance · 2 reports
- PILOT TRAVEL CENTERS LLC ↗4 reports
- SOUTHWEST AIRLINES ↗Transportation · 2 reports
- AMERICAN AIRLINES, INC. ↗Transportation · 12 reports
- LIVE OAK BANK ↗Finance · 4 reports
- LOWE'S COMPANIES INC. ↗1 report
- RBC CAPITAL MARKETS, LLC ↗Finance · 4 reports
and 46 more
Advocacy groups and nonprofits (10)
- BANK POLICY INSTITUTE ↗4 reports
- SOLANA POLICY INSTITUTE ↗6 reports
- AMERICANS FOR PROSPERITY ↗1 report
- ELECTRONIC PAYMENTS COALITION ↗5 reports
- FILECOIN FOUNDATION ↗4 reports
- AMERICANS FOR FINANCIAL REFORM ↗2 reports
- TRANSPARENCY INTERNATIONAL U.S. (A PROJECT OF THE FUND FOR CONSTITUTIONAL GOVT) ↗5 reports
- SATOSHI ACTION FUND ↗4 reports
- FACT COALITION (A PROJECT OF THE FUND FOR CONSTITUTIONAL GOVERNMENT) ↗2 reports
- ALLIANCE DEFENDING FREEDOM ↗1 report
Labor unions (2)
- AFL-CIO ↗1 report
- INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS ↗5 reports
Not classified (18)
- AMERICAN COUNCIL OF LIFE INSURERS ↗5 reports
- INDEPENDENT COMMUNITY BANKERS OF AMERICA ↗3 reports
- MASTERCARD WORLDWIDE ↗2 reports
- PATHWARD, N.A. ↗6 reports
- THE AMERICAN COUNCIL OF LIFE INSURERS ↗4 reports
- AMERICAN FINTECH COUNCIL ↗4 reports
- VISA ↗5 reports
- HUNTINGTON BANCSHARES INCORPORATED ↗2 reports
- TETHER OPERATIONS, S.A. DE C.V. ↗2 reports
- DEFI EDUCATION FUND ↗2 reports
- POLYGON LABS SERVICES (SWITZERLAND) AG ↗2 reports
- CIRCLE ↗1 report
- COINFLIP ↗1 report
- MASTERCARD ↗1 report
- CHAMBER OF PROGRESS ↗1 report
- LEDGER ↗2 reports
- ELITE CATERING AND EVENT PROFESSIONALS ↗2 reports
- CRYPTEX FINANCE ↗1 report
Groupings are our label from each organization's name and industry, not its legal or tax status.
The connection table
Organizations that lobbied this bill, and money each gave South Carolina's delegates this cycle: its PAC's contributions (FEC) plus its lobbyists' reported contributions and event payments (LD‑203, group events excluded). Exact name matches only. An empty cell means no matching money was found. Under each name is that delegate’s final vote on the bill (passage or last substantive vote). Delegates who didn’t vote on it, for example because they weren’t serving, are grayed out and left out of the Total column.
| Organization | D. GrahamNo vote | L. GrahamYea | T. ScottYea | J. ClyburnNo vote | J. WilsonNo vote | N. MaceNo vote | R. NormanNo vote | R. FryNo vote | S. BiggsNo vote | W. TimmonsNo vote | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ERNST & YOUNG LLP (WASHINGTON COUNCIL ERNST & YOUNG) | – | $5,000 | $5,000 | – | – | – | – | $2,000 | – | $2,500 | $10,000 |
| AMERICAN AIRLINES, INC. | – | $5,000 | $5,000 | $1,000 | – | – | – | – | – | – | $10,000 |
| SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION | – | – | $7,500 | – | – | – | – | – | – | $6,000 | $7,500 |
| VISA INC. | – | $2,000 | $5,000 | $2,500 | – | – | – | $2,500 | – | $2,000 | $7,000 |
| MINDSET ADVOCACY, LLCLobbying firm for VISA USA, INC. | – | – | $6,500 | $1,000 | – | – | – | $2,000 | – | $500 | $6,500 |
| JPMORGAN CHASE HOLDINGS, LLC | – | $1,000 | $5,000 | $5,000 | – | – | – | – | – | $2,000 | $6,000 |
| TIBER CREEK GROUPLobbying firm for MASTERCARD | – | $5,500 | – | $1,000 | – | – | – | – | – | – | $5,500 |
| INDEPENDENT COMMUNITY BANKERS OF AMERICA | – | – | $5,000 | – | – | – | – | – | – | $5,000 | $5,000 |
| NATIONAL RESTAURANT ASSOCIATION | – | $5,000 | – | – | – | – | – | – | – | $2,500 | $5,000 |
| INVESTMENT COMPANY INSTITUTE | – | – | $5,000 | $7,500 | – | – | – | – | – | – | $5,000 |
| THE AMERICAN COUNCIL OF LIFE INSURERS | – | – | $5,000 | – | $1,500 | – | – | – | – | $2,000 | $5,000 |
| KPMG LLP | – | – | $5,000 | – | – | – | – | – | – | $2,500 | $5,000 |
| HUNTINGTON BANCSHARES INCORPORATED | – | – | $5,000 | – | $1,500 | – | – | – | – | $2,500 | $5,000 |
| CMFG LIFE INSURANCE COMPANY | – | – | $5,000 | – | – | – | – | – | – | – | $5,000 |
| INVARIANT LLCLobbying firm for THE AMERICAN COUNCIL OF LIFE INSURERS, CIRCLE, COINFLIP | – | – | $3,500 | – | – | – | – | – | – | – | $3,500 |
| CGCN GROUP, LLCLobbying firm for MASTERCARD WORLDWIDE | – | – | $3,000 | – | – | – | – | – | – | – | $3,000 |
| FEDERAL HALL POLICY ADVISORS, LLCLobbying firm for SOLANA POLICY INSTITUTE | – | – | $3,000 | – | – | – | – | $1,000 | – | $1,000 | $3,000 |
| SOLANA POLICY INSTITUTE | – | – | $2,500 | – | – | – | – | – | – | $1,500 | $2,500 |
| SOUTHWEST AIRLINES | – | $2,500 | – | $2,500 | – | – | – | – | – | – | $2,500 |
| LOWE'S COMPANIES INC. | – | $2,500 | – | $5,000 | – | – | – | – | – | – | $2,500 |
| RBC CAPITAL MARKETS, LLC | – | – | $2,500 | – | – | – | – | – | – | – | $2,500 |
| PHRONESISDC, LLCLobbying firm for PARADIGM OPERATIONS LP, VISA INC., LMAX GROUP +2 more | – | $1,000 | $1,000 | – | – | – | – | – | – | – | $2,000 |
| K&L GATES, LLPLobbying firm for FEDERATED HERMES, INC. | – | $2,000 | – | $4,000 | – | – | – | $2,000 | – | – | $2,000 |
| GOWEST CREDIT UNION ASSOCIATION | – | – | $1,500 | – | – | – | – | – | – | – | $1,500 |
| HARBINGER STRATEGIES, LLCLobbying firm for CITIGROUP WASHINGTON INC. | – | – | $1,500 | – | – | – | – | – | $500 | $1,000 | $1,500 |
| CITIGROUP WASHINGTON INC. | – | $1,000 | – | – | – | – | – | – | – | $4,000 | $1,000 |
| RIDGELINE ADVOCACY GROUP LLCLobbying firm for TETHER OPERATIONS, S.A. DE C.V. | – | $1,000 | – | – | – | – | – | – | – | $1,500 | $1,000 |
| MARSHALL & POPP, LLCLobbying firm for JP MORGAN CHASE HOLDINGS, LLC | – | – | $1,000 | – | – | – | – | – | – | – | $1,000 |
| ELECTRONIC PAYMENTS COALITION | – | – | events only | – | – | – | – | – | – | – | – |
| Total | – | $33,500 | $83,500 | $34,500 | $8,000 | – | – | $14,000 | $2,000 | $53,500 |