#USStablecoinBill The U.S. Senate is currently debating the GENIUS Act, a bipartisan bill aiming to establish a federal regulatory framework for stablecoins. The legislation mandates that stablecoins be fully backed 1:1 by U.S. dollars or equivalent liquid assets, with issuers subject to strict reserve, segregation, and monthly certification requirements. While the bill initially garnered bipartisan support, recent concerns over anti-money laundering provisions and potential conflicts of interest—particularly involving Trump-affiliated stablecoin ventures—have led several Democrats to withdraw their backing. This shift has introduced uncertainty regarding the bill's passage and highlights the ongoing challenges in achieving consensus on crypto regulation. ([MarketWatch][1], [cov.com][2], [Politico][3])

[1]: https://www.marketwatch.com/story/an-elon-musk-stablecoin-democrats-warn-of-a-big-tech-crypto-takeover-c2a9d5f7?utm_source=chatgpt.com "An Elon Musk stablecoin? Democrats warn of a Big Tech crypto takeover."

[2]: https://www.cov.com/en/news-and-insights/insights/2025/02/seven-things-to-know-about-the-federal-stablecoin-bill-the-genius-act?utm_source=chatgpt.com "Seven Things to Know About the Federal Stablecoin Bill, the ..."

[3]: https://www.politico.com/news/2025/05/04/how-senate-crypto-negotiations-fell-apart-00326129?utm_source=chatgpt.com "Why the Senate crypto bill is in turmoil"