The Stablecoin Federal Regulatory Framework Act #美国加密立法 . Previously, Democrats had blocked its advancement on May 8 due to concerns that the bill could benefit former President Trump and his family from cryptocurrency projects. To reach a consensus, the bill has removed relevant clauses targeting the Trump family.

Background and Controversy

• Purpose of the Bill: The GENIUS Act aims to establish a federal regulatory framework for stablecoins to ensure their safety and stability while promoting innovation.

• Concerns of Democrats: Democrats were concerned that the bill could allow Trump and his family to benefit from cryptocurrency projects,