What It Means for Old Glory Bank and You
On June 17, 2025, the U.S. Senate made history by passing the GENIUS Act - a groundbreaking step toward bringing transparency and federal oversight to the world of stablecoins and digital payments. With a decisive 68–30 bipartisan vote, lawmakers signaled that the future of regulated, U.S. dollar–backed digital assets is no longer on the horizon - it’s here.
At Old Glory Bank, we’ve been preparing for this moment because we don’t believe in reacting to the future - we believe in building it.
A Win for Transparency and Trust
The GENIUS Act sets strict standards for stablecoin issuers:
- 1:1 backing by liquid assets like U.S. dollars or Treasury securities
- Monthly public disclosures of reserve holdings
- Federal oversight from the Treasury, Federal Reserve, and FDIC
This means consumers can finally expect stablecoins to meet the same high bar for integrity and clarity that traditional banking already provides.
At Old Glory Bank, these aren’t just new rules. They’re long-held principles. We’ve always believed that transparency and accountability should be the standard, whether in paper dollars or digital tokens.
The Market is Moving
The market’s response to the Senate vote has been loud and clear:
- The stablecoin market cap surged to a record $251.7 billion, up 22% year-to-date.
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- Leaders like USDT ($153B) and USDC ($61B) now represent nearly 90% of the market.
- Yield-bearing stablecoins - a growing category - have climbed to over $11 billion.
- Financial giants, including Fiserv, Amazon, and Walmart, are actively developing stablecoin integrations.
- Circle (NYSE: CRCL), one of the largest U.S. stablecoin issuers, saw its stock climb nearly 10% after the bill’s passage.
Industry analysts now forecast the global stablecoin market could reach $2 trillion by 2028, with some projecting up to $3.7 trillion by 2030. The momentum is undeniable and irreversible.
Why This Matters to You
The GENIUS Act unlocks the potential of regulated digital finance, and that benefits everyday Americans in practical ways:
Faster payments (including international transactions)- Lower fees for moving money
- Flexible financial tools grounded in compliance and trust
- New pathways for innovation in consumer and business banking
At Old Glory Bank, our mission is rooted in financial freedom and uncompromising American values. This legislation allows us to expand our capabilities while remaining true to those ideals.
What's Next?
While the Senate has acted, the work continues.
A companion bill, the STABLE Act, is now under review in the House of Representatives. Lawmakers are aiming to reconcile and pass a unified bill before the August recess. Once passed, regulatory agencies will finalize implementation rules over the next 12 to 18 months.
Old Glory Bank is already evaluating how these changes can enhance our offerings, from exploring bank-integrated stablecoins to building faster, more secure payment rails for customers and businesses alike.
Our Commitment to You
This isn’t just a policy shift. It’s a transformational moment in American banking.
As larger institutions and tech firms rush to adapt, Old Glory Bank remains anchored in the values that set us apart: honesty, transparency, innovation, and patriotism. We’re ready to serve you with tools built for the future—without compromising the principles you believe in.
Stay with the bank that stands by you.
Stay with the bank that stands by America.
We'll Keep You Informed
As this legislation moves forward and new opportunities arise, we’ll continue to share updates right here on our blog. If you're ready to experience banking that aligns with your values-now and in the digital future-we invite you to stay connected.
