The legislative process of the GENIUS ACT has stalled due to bipartisan disagreements. The bill aims to establish the first federal regulatory framework for stablecoins, requiring issuers to fully back stablecoins 1:1 with dollars or highly liquid assets, prohibit lending activities, and strengthen anti-money laundering and consumer protection measures. The current stalemate reflects a deep-seated struggle in cryptocurrency regulation between innovation incentives and risk mitigation. 90438466027