#USStablecoinBill

The U.S. is on the verge of passing landmark stablecoin legislation, with both the House and Senate advancing parallel bills—the **STABLE Act** and **GENIUS Act**. Key details:

- **Federal Oversight**: Issuers must maintain 1:1 reserves, undergo audits, and comply with federal/state licensing .

- **Bipartisan Momentum**: The Senate’s GENIUS Act, backed by an 18-6 committee vote, could reach the floor soon, while the House version moves toward reconciliation .

- **Controversies**: Debates continue over interest payments and Trump-linked stablecoins, but August remains the target for final approval .

Stay tuned as Congress races to finalize rules for crypto’s backbone.