According to the newly released GENIUS Act 2025 by the US Senate, the updated bill specifically expands the "Reciprocity for Payment Stablecoins Issued in Overseas Jurisdictions" (Reciprocity for Payment Stablecoins Issued in Overseas Jurisdictions). The US Secretary of the Treasury is required to enter into bilateral agreements with countries with similar stablecoin regulatory frameworks to ensure the harmonization of reserve requirements, oversight, anti-money laundering and counter-terrorism measures, sanctions compliance standards, liquidity requirements, and risk management standards. The reciprocity arrangement needs to be completed within two years of the bill's entry into force to facilitate international transactions and enhance interoperability with dollar-denominated stablecoins for overseas payments. In addition, the bill explicitly excludes licensed issuers of payment stablecoins from the scope of "commodities" as defined by the Commodity Exchange Act, further clarifying regulatory responsibilities.