#USStablecoinBill

The landscape of stablecoin regulation in the U.S. is actively evolving in May 2025, with significant legislative efforts underway. Here's a breakdown of the key aspects:

Current Legislative Landscape

* Two Main Bills: The two primary pieces of legislation under consideration are:

* The GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins) in the Senate (S. 919): This bipartisan bill aims to create a comprehensive federal regulatory framework for payment stablecoins. It defines payment stablecoins as digital assets issued for payment or settlement, redeemable at a fixed amount (e.g., $1), and requires issuers to hold at least one dollar of permitted reserves for every stablecoin issued.

* The STABLE Act in the House: This bill also seeks to establish a regulatory framework for dollar-backed stablecoins.

* Key Provisions in the GENIUS Act:

* Reserves: Requires 100% reserve backing in U.S. dollars and short-term treasuries (or similar liquid assets).

* Disclosure: Mandates monthly public disclosure of reserves.