The bill on stablecoins in the U.S., known as the GENIUS Act, aims to establish a federal regulatory framework for these cryptocurrencies linked to the dollar. Although it initially had bipartisan support, recently nine Democratic senators withdrew their backing, claiming that the current version does not adequately address money laundering or risks to the financial system. The bill would allow issuers to register at the state or federal level but excludes foreign issuers like Tether from certain regulations, raising concerns about fairness and security. Furthermore, the involvement of technology companies and connections to the Trump family's interests have intensified the political debate surrounding the legislation. #USStablecoinBill