#USStablecoinBill

Title: Current Status of the U.S. Stablecoin Bill and Its Impact on Binance – May 2025

As of May 2025, the U.S. Congress is actively debating the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) — a bipartisan bill aiming to regulate U.S.-issued stablecoins. This bill requires that stablecoin issuers maintain 1:1 backing with U.S. dollars or approved liquid assets, and comply with strong audit, transparency, and anti-money laundering (AML) frameworks.

Key Points:

Political Hurdles: Recently, 9 Senate Democrats, including Senators Ruben Gallego and Mark Warner, pulled their support from the bill due to concerns over national security and AML safeguards. This has temporarily slowed its progress.

Trump & Binance Angle: Ethical concerns have emerged following reports that Donald Trump’s family is linked to World Liberty Financial, a company involved in a $2 billion crypto investment using a USD-backed stablecoin named USD1. This firm reportedly has ties to Binance. Such relationships are raising questions about undue influence on upcoming regulation.

Market Expectations: The U.S. Senate still aims to finalize stablecoin legislation before Memorial Day 2025. If passed, this law could bring clarity to the U.S. crypto landscape and affect platforms like Binance that facilitate stablecoin-based transactions.

Professional Insight:

Binance has been monitoring the situation closely through its regulatory compliance wing and has emphasized that any new U.S. regulation must balance financial innovation with consumer protection and systemic stability.