#USStablecoinBill

lramework for stablecoins. It mandates that stablecoins be fully backed 1:1 by U.S. dollars or equivalent liquid assets and allows issuers to choose between state or federal oversight, with larger issuers subject to Federal Reserve supervision . While the bill initially garnered bipartisan support, recent withdrawals by nine Senate Democrats have raised concerns over its provisions on anti-money laundering and financial stability . Additionally, ethical questions have emerged regarding potential conflicts of interest linked to Trump-affiliated stablecoin ventures . The bill's future remains uncertain amid these controversies.