#USStablecoinBill The US Stablecoin Bill, also known as the GENIUS Act, aims to establish a clear regulatory framework for payment stablecoins. Introduced by Senator Bill Hagerty, the bill defines payment stablecoins as digital assets pegged to a fixed monetary value, like the US dollar ¹.

*Key Provisions:*

- _Licensing and Regulation_: Establishes clear procedures for institutions seeking licenses to issue stablecoins, with federal regulation for issuers with over $10 billion in market capitalization ¹.

- _Reserve Requirements_: Implements reserve requirements, ensuring stablecoin issuers maintain one-to-one reserves and comply with anti-money-laundering and sanctions rules ².

- _Consumer Protection_: Requires stablecoin issuers to maintain public redemption policies, ensure price stability, and comply with consumer protection standards ¹.

The bill has received bipartisan support, with Senators Tim Scott, Kirsten Gillibrand, and Cynthia Lummis co-sponsoring the legislation ². However, some lawmakers, like Senator Elizabeth Warren, have expressed concerns about potential conflicts of interest and the need for stricter regulations ³.