#USStablecoinBill

GENIUS Act, a landmark bill aiming to regulate stablecoins. If enacted, it would establish a federal licensing framework for stablecoin issuers, requiring full backing of reserves, monthly audits, and compliance with anti-money laundering laws. Issuers could operate under federal or state oversight, depending on their size and compliance.

However, the bill faces bipartisan opposition. Nine Senate Democrats recently withdrew