#USStablecoinBill
๐บ๐ธ The U.S. Senate is moving forward with the #USStablecoinBill, officially known as the GENIUS Act, aiming to bring clear rules to stablecoins like USDC and Tether. ๐ต This bipartisan bill would require stablecoins to be backed 1:1 with cash or safe assets, mandate monthly audits, and enforce anti-money laundering standards. ๐ Some concerns have been raised about oversight and political tiesโespecially with reports linking Trumpโs family to a major stablecoin deal. โ๏ธ If approved, the bill could become law within months, marking a major shift in U.S. crypto regulation. ๐