#USStablecoinBill #USStablecoinBill

Recently, there has been significant development regarding the bill on stablecoins in the USA. A group of nine Democratic senators has opposed the GENIUS Act, which aimed to create the first federal regulatory framework for stablecoins. The senators expressed concerns regarding the fight against money laundering, national security, and the accountability of foreign stablecoin issuers.

This move may jeopardize the bill's approval, as the proposal needs the support of at least seven Democratic senators to pass the Senate. Nevertheless, some lawmakers still express a willingness to work on amendments to the proposal.