#USStablecoinBill USStablecoinBill The U.S. Stablecoin Bill has encountered a significant setback in 2025. The Senate’s GENIUS Act, which passed the Senate Banking Committee on March 13, 2025, with an 18-6 vote, faced a collapse in support as nine Democratic senators, including key figures like Chuck Schumer and Elizabeth Warren, withdrew backing days before a crucial vote. This shift, driven by concerns over anti-money laundering protections and national security, has stalled the bill, which aimed to regulate stablecoins with 1:1 reserve requirements, ban algorithmic stablecoins, and establish federal and state oversight. Concurrently, the House’s STABLE Act, passed by the House Financial Services Committee on April 2, 2025, with a 32-17 vote, awaits a full House vote. It prohibits interest payments and imposes a two-year moratorium on endogenously collateralized stablecoins. Efforts to align both bills continue, but the Senate’s reversal has cast uncertainty over the timeline for a unified regulatory framework, potentially delaying stablecoin legislatio