#USStablecoinBill

The U.S. Senate's stablecoin legislation, known as the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins of 2025), is currently facing significant challenges due to political divisions and ethical concerns.

🔍 Overview of the GENIUS Act

Introduced in February 2025 by Senator Bill Hagerty (R-TN) and co-sponsored by Senators Kirsten Gillibrand (D-NY), Cynthia Lummis (R-WY), and Tim Scott (R-SC), the GENIUS Act aims to establish a federal licensing and supervisory framework for payment stablecoins and their issuers.

⚠️ Political Turmoil and Ethical Concerns

Although the bill initially received bipartisan support, recent developments have led to a shift in stance among several Senate Democrats.