#USStablecoinBill The US Stablecoin Bill, also known as the Genius Act, aims to regulate stablecoins in the United States. Here's the latest update¹:

- *Senate Vote*: The bill has been passed by the Senate Banking Committee with an 18-6 vote and is expected to be voted on by the full Senate.

- *Democrat Support*: However, some Democrats have expressed concerns over the bill's current form, citing the need for stronger provisions on anti-money laundering, national security and financial system safety.

- *Republican Support*: Republicans are working to gather enough votes, but they need Democratic support to reach the 60-vote threshold for cloture.

- *Industry Impact*: The bill's outcome could significantly impact the stablecoin industry, with potential implications for companies like World Liberty Financial, which recently announced plans to launch a stablecoin, USD1.