#USStablecoinBill

The U.S. Senate is currently deliberating the GENIUS Act, a bipartisan bill aimed at establishing a regulatory framework for stablecoins. The legislation proposes that stablecoin issuers maintain one-to-one reserves and comply with Anti-Money Laundering (AML) regulations. It also seeks to place non-bank stablecoin issuers under the supervision of the Federal Reserve, requiring them to obtain approval before issuing stablecoins .