#USStablecoinBill The bill on stablecoins in the US, called the GENIUS Act, is currently under debate in the Senate. It seeks to establish a regulatory framework for payment stablecoins, ensuring transparency and security for consumers.

Some key points of the bill include:

Reserve requirements: Stablecoins must be 100% backed by US dollars and Treasury securities.

Audits and transparency: Issuers with more than $50 billion in capitalization must disclose annual audits.

Differentiated regulation: Issuers above $10 billion will be supervised by the Federal Reserve.

Ban on misleading marketing: Companies cannot claim that stablecoins are guaranteed by the US government.

The bill faces resistance from some Democratic senators, who demand more protections against money laundering and national security risks before approving it.