$SOL The US Senate is currently debating a landmark cryptocurrency bill aimed at establishing a federal regulatory framework for stablecoins, which are digital assets pegged to the US dollar. Here's what's happening:

- *Bipartisan Clash*: Negotiations have hit a roadblock due to disagreements between lawmakers, putting the bill's future in jeopardy.

- *Bill Progress*: Despite challenges, the Senate has made progress, with the Financial Committee passing the STABLE Act and GENIUS Act, which aim to regulate stablecoins.

- *Key Provisions*: The GENIUS Act, sponsored by Senator Bill Hagerty