#USStablecoinBill The regulatory uncertainty in the U.S. is putting the future of stablecoins at risk. The rollback of support for the GENIUS project reflects legitimate concerns about national security and money laundering, but it also hinders the development of a key market for payments and DeFi. Without a clear regulatory framework, companies like Tether and Circle may seek to operate in other more favorable jurisdictions like the EU or Singapore. This would not only affect innovation but also the confidence of institutional investors. The U.S. must act urgently if it wants to maintain its leadership in the global digital financial ecosystem.