#USStablecoinBill The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), a bipartisan bill introduced in the U.S. Senate, aims to establish a comprehensive regulatory framework for payment stablecoins. The bill is co-sponsored by Senators Bill Hagerty (R-TN), Tim Scott (R-SC), Cynthia Lummis (R-WY), and Kirsten Gillibrand (D-NY). It seeks to ensure that stablecoins are fully backed by U.S. dollars or equivalent assets, thereby maintaining the U.S. dollar’s dominance in digital transactions.