#USStablecoinBill RUU GENIUS is a bill in the United States that regulates stablecoins, which are crypto assets pegged to the US dollar. This bill requires stablecoins to be backed by a 1:1 reserve of dollars or liquid assets, prohibits the reuse of reserves, and sets standards for liquidity and minimum capital. Non-bank issuers are allowed if they comply with federal rules. This bill has faced opposition from several Democratic senators as it is seen as weakening protections against money laundering and financial stability. Involvement of the Trump family and USD1 stablecoin has also raised additional controversy regarding transparency and conflicts of interest.