#USStablecoinBill proposed U.S. stablecoin regulation bill, known as the GENIUS Act, has hit a roadblock as nine Democratic senators, who previously supported similar legislation, now oppose the current version. Despite recent amendments, they argue the bill lacks adequate safeguards for anti-money laundering, national security, and regulation of foreign issuers. Without further revisions, they warn they won’t support the bill's advancement. Meanwhile, the crypto industry stresses the urgent need for stablecoin laws to counteract what they see as bias in current Federal Reserve policies. As a result, the bill’s future remains uncertain.