#USStablecoinBill As of May 6, 2025, the U.S. Senate's GENIUS Act, aimed at regulating stablecoins, faces significant hurdles. Initially enjoying bipartisan support, the bill now sees opposition from nine Senate Democrats concerned about inadequate anti-money laundering measures and potential conflicts of interest, particularly involving the Trump family's crypto ventures . Despite passing the Senate Banking Committee with an 18–6 vote , the bill's future is uncertain. Senate Minority Leader Chuck Schumer has called for revisions to address these concerns . The outcome of this legislative effort will significantly influence the regulatory landscape for stablecoins in the U.S.(Yahoo Finance, Politico, Mayer Brown, Politico)