The #USStablecoinBill on a roller coaster! 🎢

The proposal to regulate *stablecoins* in the U.S. is taking a dramatic turn 🤯. The **GENIUS Act**, a bipartisan project that promised to establish the first federal rules for these stable cryptocurrencies, is facing a surprise blockade from the Democrats. What’s the reason? National security concerns, money laundering… and Trump’s business dealings in the crypto world! 💼🔍

What happened?

1. The bipartisan dream shatters😢:

Although the bill had advanced in committees with support from both parties, nine Democratic senators, including some who had previously supported it, retracted. They claim that the current version has *"serious loopholes"* on issues like consumer protection and anti-money laundering controls. Even Democratic leader Chuck Schumer urged not to rush the vote!

2. The ghost of Trump 👻:

The Trump family recently launched their own *stablecoin* (USD1), which generated accusations of *"conflict of interest"*. Democrats fear that the bill would benefit their businesses, especially since the former president was pushing for pro-crypto legislation before August. Even Maxine Waters (Democrat) threatened to block it if restrictions were not included!

3. What does the GENIUS Act ask for? 📜:

- 100% reserves in dollars or liquid assets.

- Annual audits for large issuers.

- Prohibit loans with user funds.

Although it sounds technical, it is key to prevent collapses like that of TerraUSD in 2022 💥.

**My opinion**:

It’s a shame that such a crucial topic for financial innovation is getting so politicized 🚀. *Stablecoins* are vital for fast payments and access to financial services, but without clear rules, the risks are high. I hope they find a balance between security and growth, without the interests of a few clouding the way! ⚖️✨

Do you think this will affect the future of crypto in the U.S.?🧐 Share your opinion! 💬

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