The Senate has passed the "GENIUS Act" (Bill No. #美国稳定币法案 ), aimed at implementing federal regulation on stablecoin issuers with a market capitalization exceeding $10 billion (such as USDT and USDC). It requires them to hold high-quality dollar assets at a 1:1 ratio and comply with anti-money laundering regulations. However, some Democratic lawmakers have withdrawn their support for the bill due to concerns over national security and anti-money laundering provisions, leading to uncertainty about its future.