#StablecoinLaw

The US Congress is advancing stablecoin legislation through two similar bills: the STABLE Act and the GENIUS Act. These bills aim to establish a regulatory framework for stablecoins, ensuring consumer protection and maintaining financial stability. Key provisions include ¹ ²:

- *Reserve Requirements*: Stablecoin issuers must maintain 1:1 backing with safe assets like US currency, bank deposits, or Treasury securities.

- *Regulatory Oversight*: Dual supervision system with federal and state regulators, depending on issuer size.

- *Consumer Protection*: Clear redemption policies, regular audits, and enhanced cybersecurity measures.

- *Enforcement Mechanisms*: Regulators can revoke licenses, impose fines, and issue cease-and-desist orders for non-compliance.

These bills would provide clarity on stablecoin regulation, potentially boosting the industry's growth and mainstream adoption.