#USStablecoinBill The GENIUS Act aims to establish the first federal legal framework for stablecoins in the U.S. is facing significant obstacles. Although it previously received bipartisan support, recently, nine Democratic Senators have withdrawn their support, expressing concerns that the current version is not strong enough to prevent money laundering and protect the financial system. The bill has also faced criticism for its ties to the financial interests of former President Trump's family through World Liberty Financial, the company issuing the USD1 stablecoin and involved in a $2 billion deal with Binance. The internal divisions within the Democratic Party are making the future of the bill uncertain.