#USStablecoinBill **#USStablecoinBill Faces Bipartisan Hurdles as Democrats Withdraw Support**

The U.S. Senate’s **GENIUS Act**, a landmark bill to regulate stablecoins, faces uncertainty after nine Senate Democrats reversed their support, citing gaps in anti-money laundering (AML), consumer protections, and national security safeguards . The bill, which passed the Senate Banking Committee 18-6 in March, requires bipartisan backing to advance but now risks stalling without Democratic votes .

Proponents argue the framework ensures 100% reserve backing and transparency , while critics demand stricter oversight. With the House advancing a similar bill (**STABLE Act**), the path forward hinges on bipartisan compromises . #CryptoRegulation #Blockchain