#USStablecoinBill The U.S. Senate is currently deliberating the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, a bipartisan bill aimed at creating a federal regulatory framework for stablecoins. The legislation mandates that stablecoin issuers be either federally licensed or state-regulated entities with comparable oversight, and it prohibits algorithmic stablecoins, requiring full 1:1 backing with U.S. dollars or high-quality liquid assets.