As of May 2025, the U.S. Congress is considering two key regulatory bills for stablecoins: the "GENIUS Act" (Senate) and the "STABLE Act" (House of Representatives). These two bills aim to establish a federal regulatory framework for stablecoins but face challenges on both political and technological levels.

🇺🇸 Senate: GENIUS Act (S.919)

Main content: Proposed by Republican Senator Bill Hagerty from Tennessee, co-sponsored by Democratic Senator Kirsten Gillibrand from New York. The bill requires stablecoin issuers to maintain