#USStablecoinBill The U.S. Senate is currently reviewing the bipartisan Lummis-Gillibrand Payment Stablecoin Act, a proposed law aiming to regulate stablecoins by enforcing one-to-one reserve backing, banning algorithmic stablecoins, and ensuring strong consumer protections such as asset segregation and reserve transparency. The bill also supports a dual banking system, allowing both federal and state-chartered institutions to issue stablecoins—though state trust companies would be capped at $10 billion. While it was initially supported across party lines, recent political tensions and ethical concerns—such as potential conflicts of interest involving the Trump family's crypto ventures—have led some Senate Democrats to withdraw support, raising uncertainty about the bill’s future.