#USStablecoinBill

As of early May 2025, the U.S. Congress is advancing two major stablecoin bills: the STABLE Act in the House and the GENIUS Act in the Senate. Both aim to establish the first federal regulatory framework for dollar-backed stablecoins, reinforcing U.S. financial leadership in digital assets. Time +2

The GENIUS Act, co-sponsored by Senators Bill Hagerty (R-TN) and Kirsten Gillibrand (D-NY), proposes licensing requirements, 1:1 reserve backing, and oversight for stablecoin issuers. However, recent controversies-particularly involving the Trump family's stake in World Liberty Financial and its USD1 stablecoin--have led nine Senate Democrats to withdraw support, citing concerns over money laundering and national security risks.