#USStablecoinBill The U.S. Congress is currently deliberating two significant bills aimed at establishing a federal regulatory framework for stablecoins: 

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🏛️ 1. GENIUS Act (Senate Bill S.919)

• Overview: The Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 (GENIUS Act) seeks to create a federal licensing and supervisory framework for payment stablecoins and their issuers. 

• Key Provisions:

• Establishes licensing requirements for stablecoin issuers.

• Grants stablecoin holders priority over other claims in the event of issuer bankruptcy.

• Aims to provide regulatory clarity to foster innovation while ensuring consumer protection. 

• Current Status: The bill passed the Senate Banking Committee with an 18–6 vote. However, its progress has been hampered by political disagreements, particularly concerning anti-money laundering provisions and the influence of former President Trump’s affiliations with certain stablecoin ventures.  

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🏛️ 2. STABLE Act (House Bill H.R.2392)

• Overview: The Stablecoin Transparency and Accountability for a Better Ledger Economy Act of 2025 (STABLE Act) aims to regulate payment stablecoins, ensuring they are backed one-to-one by U.S. dollars and subject to federal oversight. 

• Key Provisions:

• Mandates that stablecoin issuers maintain reserves equivalent to the amount of stablecoins in circulation.

• Subjects issuers to regular audits and disclosures to ensure transparency.

• Requires compliance with existing financial regulations, including the Bank Secrecy Act.

• Current Status: Introduced in the House on March 26, 2025, the bill has been referred to the Committee on Financial Services for further consideration. 

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🔍 Political Dynamics and Outlook

The advancement of these bills faces several