#USStablecoinBill The U.S. Stablecoin Bill, known as the GENIUS Act, proposes a federal regulatory framework for stablecoins backed by the U.S. dollar. It mandates licensing, reserve backing, and compliance with anti-money laundering laws. While the bill aims to boost innovation and protect consumers, it faces political hurdles. Some Senate Democrats recently withdrew support over concerns about money laundering risks and ethical issues tied to Trump-linked crypto ventures. Proponents argue it will strengthen the dollar's dominance in digital finance and provide market clarity. However, its future remains uncertain as debates over regulation, financial stability, and political influence continue in Washington.
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