#USStablecoinBill The U.S. Stablecoin Bill, officially titled the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, aims to create a federal regulatory framework for payment stablecoins. It mandates that issuers obtain approval from federal banking regulators, maintain 1:1 backing with U.S. dollars or high-quality liquid assets, and prohibits misrepresenting stablecoins as government-insured. The bill has sparked political contention, with some Democrats withdrawing support over concerns about anti-money laundering provisions and potential conflicts of interest involving Trump-linked stablecoin ventures. Despite bipartisan efforts, the legislation faces challenges due to internal party divisions and debates over financial system risks.