#USStablecoinBill

The #USStablecoinBill is sparking intense debate in Washington. The GENIUS Act, aiming to establish the first federal framework for stablecoin issuers, passed the Senate Banking Committee with bipartisan support. However, nine Senate Democrats have since withdrawn their backing, citing concerns over money laundering and financial system risks. The bill's connection to a $2 billion deal involving a Trump-affiliated stablecoin firm has further heightened scrutiny. Despite the controversy, the legislation could reach the President's desk within two months, potentially reshaping the stablecoin landscape. Investors are closely watching USDC/USD for market reactions. Be safe.