#USStablecoinBill

The U.S. Congress is currently deliberating two major bills aimed at establishing a federal regulatory framework for stablecoins: the GENIUS Act in the Senate and the STABLE Act in the House.

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🏛️ GENIUS Act (Senate)

Full Name: Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025.

Sponsors: Sen. Bill Hagerty (R-TN), with co-sponsors including Sens. Tim Scott (R-SC), Cynthia Lummis (R-WY), and Kirsten Gillibrand (D-NY).

Status: Passed the Senate Banking Committee with an 18–6 vote. Senate Majority Leader John Thune has initiated steps to expedite a floor vote, though no date has been set yet.

Key Provisions:

Establishes a federal licensing and supervisory framework for payment stablecoins and their issuers.

Aims to modernize the U.S. payments system and reinforce the dominance of the U.S. dollar.

Controversies:

Nine Senate Democrats, who previously supported the bill, have withdrawn their backing, citing concerns over inadequate provisions addressing money laundering and financial system risks.

The bill's association with former President Trump's crypto interests, including a reported $2 billion deal involving stablecoins issued by a Trump-affiliated firm, has heightened scrutiny.