#USStablecoinBill is making waves in Washington! 🇺🇸🪙 Two major bills—the STABLE Act in the House and the GENIUS Act in the Senate—aim to establish the first federal framework for stablecoins. 🏛️💼 But political drama is heating up. 🔥 Nine Senate Democrats recently withdrew support, citing concerns over money laundering risks and potential Trump family ties to a $2B stablecoin deal. 💰🤔 The GENIUS Act, led by Sen. Hagerty and co-sponsored by Sen. Gillibrand, had bipartisan momentum but now faces delays. ⏳⚖️ Meanwhile, the STABLE Act proposes strict licensing and reserve requirements for issuers. 🏦🔐 With President Trump pushing for passage by August, the crypto industry watches closely. 📅👀
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.