#USStablecoinBill formally known as the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act), is a bill currently being considered in the U.S. Congress that aims to establish the first federal regulatory framework for stablecoins. Approved by the Senate Banking Committee in March 2025, the bill proposes licensing requirements, oversight, and reserves for payment stablecoin issuers. However, the bill's progress faces obstacles due to partisan disagreements, especially following the withdrawal of support from nine Democratic senators, who expressed concerns about money laundering and systemic risks. Despite the controversies, the GENIUS Act represents a significant step in integrating stablecoins into the traditional U.S. financial system.