#USStablecoinBill The U.S. Senate's GENIUS Act, a bipartisan stablecoin bill, is facing significant challenges as nine Senate Democrats withdraw their support, citing concerns over money laundering and financial system risks. The bill aims to establish a federal regulatory framework for stablecoins, requiring issuers to be federally or state-approved entities with strict reserve and transparency standards. However, exemptions for major foreign issuers like Tether and potential conflicts of interest involving the Trump family's crypto ventures have intensified scrutiny. As debates continue, the future of U.S. stablecoin regulation remains uncertain. #USStablecoinBill #CryptoRegulation #GENIUSAct