#USStablecoinBill Approving US stablecoin legislation faces several hurdles. Different proposals in the House and Senate offer competing regulatory frameworks, creating reconciliation challenges. Key disagreements revolve around defining which entities can issue stablecoins (banks vs. non-banks) and the appropriate level of oversight, balancing federal and state authority.

Consumer protection and financial stability are major concerns, with debates over reserve requirements and risk management. Critics also worry about potential systemic risks and whether the bills adequately prevent large tech companies from entering the market. Bridging these divides to create a unified, effective bill remains a significant challenge for lawmakers.