#USStablecoinBill 🔥 **Key updates on the US Stablecoin Bill until May 5, 2025** 🔥
1️⃣ **"GENIUS Act" project** is at a critical stage in the Senate, but it faces surprising opposition from 9 Democrats due to concerns related to **anti-money laundering** and financial system protection.
2️⃣ **Basic requirements**: The law stipulates that stablecoins must be backed 1:1 by dollars or liquid assets (like Treasury bills), with monthly transparency about reserves.
3️⃣ **Mandatory licensing**: The law requires issuers to obtain a federal or state license (depending on market size), with large companies (over $10 billion) transitioning to federal oversight.
4️⃣ **Political conflict**: Democrats object to recent amendments, especially with the Trump family's involvement in issuing a stablecoin (USD1) and the lack of guarantees against **foreign influences**.
5️⃣ **Legislative progress**: The law was approved by the Senate Banking Committee by a majority of 18-6 in March, but the final vote may be delayed without Democratic support.
6️⃣ **House of Representatives Version (STABLE Act)** aligns with the Senate version by 90%, and a merger is expected soon to create a unified framework.
7️⃣ **Impact on foreign currencies**: Issuers of currencies like "Tether" (USDT) may be forced to comply with US standards or be banned from trading in the United States.
8️⃣ **Timeline**: Republicans aim to pass the law by August 2025, but disagreements may disrupt the path.
9️⃣ **Summary**: The law is a historic step towards regulating digital currencies, but the balance between innovation and protection remains contentious! 🔍🚨
#Economic_Policy #Digital_Currencies #التشريعات_الجديدة