#USStablecoinBill

The U.S. Senate is debating the GENIUS Act, a bipartisan bill to regulate stablecoins like USDC. It requires 1:1 backing with dollars or liquid assets, regular audits, and offers a path for both federal and state-level oversight. While it's seen as a step toward clarity and trust in digital finance, some Senate Democrats oppose it over AML concerns. Ethical questions also arise with Trump family ties to a stablecoin firm.