#USStablecoinBill
Key provisions include:
Issuance Requirements:
Reserve Standards:
Regulatory Oversight: Oversight is based on issuer size, with larger issuers subject to federal regulation.
Consumer Protections: The bill mandates transparency, cybersecurity measures, and compliance with anti-money laundering laws.
The bill has bipartisan support but faces opposition from some Democrats over concerns about consumer protection and potential conflicts of interest.
A companion bill, the STABLE Act, has been introduced in the House, aligning with the GENIUS Act's provisions.
If enacted, these bills could significantly impact the stablecoin market and digital asset regulation in the U.S.
