The Senate has passed the "GENIUS Act" (#美国稳定币法案 ), aimed at implementing federal regulation on stablecoin issuers with a market value exceeding $10 billion (such as USDT, USDC), requiring them to hold high-quality dollar assets at a 1:1 ratio and comply with anti-money laundering regulations. However, some Democratic lawmakers withdrew their support for the bill due to concerns over national security and anti-money laundering provisions, leading to uncertainty regarding its future.