#USStablecoinBill The future of the US stablecoin bill is in question**

The prospects for the US Senate's stablecoin regulation bill, which was considered a historic step towards legal clarity, are now under threat. Despite bipartisan progress in its development, nine Democrats who previously supported pro-crypto initiatives have withdrawn their support. Four of them had voted for the bill earlier but are now citing **national security risks** and insufficient consumer protection.

**Reasons for the change of positions:**

Opponents fear that the current version of the bill weakens oversight of stablecoin issuers, which could increase money laundering or threaten financial stability. There is particular concern regarding stablecoins tied to foreign assets (for example, the Chinese yuan).

**Market implications:**

The crypto industry, which was expecting regulation by 2024, is facing a new wave of uncertainty. Without clear rules, stablecoin issuers (Tether, Circle) may slow down their integration with traditional finance.

**What’s next?**

The chances of passing the law before the 2024 elections are diminishing. The bill's authors are trying to find a compromise.****