#USStablecoinBill Regulatory uncertainty is once again casting a shadow over stablecoin progress in the U.S. The withdrawal of support from key pro-crypto Democrats, despite earlier momentum, highlights deep concerns around AML and national security. Without clear, consistent regulation, innovation is likely to shift offshore—where frameworks are more defined. This could slow U.S. adoption, weaken user trust, and push developers toward friendlier jurisdictions. For stablecoins to fulfill their promise as efficient, trusted digital dollars, the U.S. needs regulatory clarity—not political backpedaling. The longer the delay, the greater the risk of losing leadership in a rapidly evolving global financial system.