#USStablecoinBill GENIUS Act, that's what they call the proposed U. S. stablecoin regulation bill. With this bill the US steps closer to regulating stablecoins, but it has hit a roadblock . the 9 democrats supporting it , now have changed their view on it with apprehensions that it needs further revisions to it as it does not do enough on many fronts like the money laundering etc. meanwhile the crypto industry wants it passed so as to overcome the fed reserve's bias ,as they term it.