#USStablecoinBill

The U.S. Senate's stablecoin bill, known as the GENIUS Act, aims to establish a federal regulatory framework for stablecoins. However, it has encountered significant political hurdles.

Key Provisions of the GENIUS Act:

Full Reserve Backing: Stablecoins must be backed 1:1 with U.S. dollars or high-quality liquid assets.

Issuer Requirements: Issuers are required to maintain public redemption policies and ensure price stability relative to the U.S. dollar.

Regulatory Oversight: The bill provides a dual regulatory approach, allowing both federal and state regulators to