#USStablecoinBill

The US stablecoin bill, particularly the GENIUS Act and the STABLE Act, aims to establish a regulatory framework for payment stablecoins. These bills propose requirements for issuers to maintain reserves, adhere to anti-money laundering rules, and ensure consumer protection. However, recent Democratic opposition citing insufficient safeguards has clouded the GENIUS Act's future, despite earlier bipartisan support in committee. The STABLE Act has passed the House Financial Services Committee, indicating some legislative progress in this evolving area of digital finance.