The Senate has passed the "GENIUS Act" under Bill #美国稳定币法案 , aimed at implementing federal regulations on stablecoin issuers (such as USDT and USDC) with a market value exceeding $10 billion. It requires them to hold high-quality dollar assets at a 1:1 ratio and comply with anti-money laundering regulations, among others. However, some Democratic lawmakers have withdrawn their support for the bill due to concerns over national security and anti-money laundering provisions, leading to uncertainty about its future.