#USStablecoinBill
Of course! Here’s a comprehensive translation of the content about **The Stablecoin Regulation Bill in the United States** into Arabic:
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## 🇺🇸 **The Stablecoin Bills in the US Congress**
In 2025, the US Congress is taking decisive steps towards regulating stablecoins (such as USDC and USDT). There are currently two main bills:
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## 🧠 1. **GENIUS Bill** – Senate
* **Full Name**: *"National Guidance and Establishment of US Stablecoin Innovation Act of 2025"*
* **Key Provisions**:
* Allow only federally or state-licensed entities to issue stablecoins.
* **Full cash reserve of 1:1** (in dollars or US Treasury bonds).
* Mandatory monthly audits, with a ban on asset reuse (No rehypothecation).
* Classify stablecoins as "means of payment" and not as securities or commodities.
* Cooperation between the federal government and states to allow local issuers to operate under joint supervision.
* Approved by the Senate Banking Committee (by a majority of 18–6), then passed in the Senate on June 18 (by a majority of 68–30).
* **Next Step**: Moves to the House of Representatives for discussion and approval, followed by reconciliation of the two versions.
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## 🏛 2. **STABLE Bill** – House of Representatives
* **Full Name**: *"Transparency and Accountability Act for Stablecoins for Ledger Economy"*
