#USStablecoinBill The U.S. is on the verge of enacting its first federal stablecoin regulations, but political tensions are mounting. The House’s STABLE Act and the Senate’s GENIUS Act both aim to mandate 1:1 asset backing and establish oversight for issuers, with large players like Tether and Circle facing Federal Reserve supervision .  

However, recent controversies—particularly involving a Trump-affiliated stablecoin venture—have led nine Senate Democrats to withdraw support, citing concerns over money laundering and financial system risks . This bipartisan friction threatens to derail the legislation’s progr