#USStablecoinBill The draft stablecoin legislation in the US Senate, known as the GENIUS Act, aims to establish a federal regulatory framework for stablecoins. However, it faces various significant political hurdles.

Key Provisions of the GENIUS Act:

Full Reserve Support: Stablecoins must be backed 1:1 with US dollars or high-quality liquid assets.

Issuer Requirements: Issuers are required to maintain public redemption policies and ensure price stability relative to the US dollar.

Regulatory Oversight: This draft legislation provides a dual regulatory approach, allowing federal and state regulators to