The #USStablecoinBill , known as the GENIUS Act, seeks to establish the first federal regulatory framework for stablecoins in the U.S. It proposes that only authorized entities may issue stablecoins backed 1:1 with dollars or safe liquid assets. Additionally, it prohibits algorithmic stablecoins and requires monthly audits, fund segregation, and compliance with anti-money laundering regulations. Although it initially received bipartisan support, several Democrats withdrew their backing due to concerns about financial risks and possible undue benefits for companies linked to Trump. The debate continues, reflecting tensions over innovation, security, and control in the crypto ecosystem.