#USStablecoinBill

The Stablecoin Regulation Act in the United States, known as the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), is currently facing significant political challenges that threaten its progress in the Senate. 

What is the GENIUS Act?

This law aims to create the first federal regulatory framework for stablecoin issuers in the United States, providing clear rules for actors in this sector. It was approved by the Senate Banking Committee in March 2025 with a majority of 18 votes to 6, with support from members of both the Republican and Democratic parties. 

The Current Political Crisis

In early May 2025, nine Democratic senators, who had previously supported the bill, announced their withdrawal of support for it in its current form. Notable among them are Senator Ruben Gallego and Mark Warner. These members expressed concerns about: