#USStablecoinBill USStablecoinBill

A new bill that could establish federal oversight of stablecoin issuers and sets a regulatory framework for the issuance and trading of stablecoins has not been supported by all congress members.

Nine of them either immediately blocked the so-called Genius Senate Bill or retracted their votes, even though they had previously expressed support.

Both Democrats and Republicans are protesting and refusing to accept this law.