#USStablecoinBill The GENIUS Act, a bipartisan effort to regulate stablecoins, is facing significant challenges in the Senate. Initially supported across party lines, the bill now sees opposition from nine Senate Democrats concerned about insufficient safeguards against money laundering and financial system risks . The legislation aims to establish a federal framework for stablecoin issuers, mandating full reserves and prohibiting algorithmic stablecoins . However, ethical concerns have arisen due to potential conflicts of interest involving former President Trump's family's crypto ventures . As debates continue, the future of stablecoin regulation in the U.S. remains uncertain.