#USStablecoinBill

US Stable Coin Bill

The US Stablecoin Bill, currently under debate in Congress, aims to establish the first comprehensive federal regulatory framework for stablecoins-digital assets pegged to the US dollar and used as payment instruments. The Senate’s version, known as the GENIUS Act, would require stablecoin issuers to maintain 100% reserves in US dollars or highly liquid assets, undergo monthly public reserve disclosures, and submit to annual audits if their market capitalization exceeds $50 billion. The bill also sets strict marketing standards, insolvency procedures, and mandates both federal and state-level licensing and oversight, depending on the issuer’s structure and scale[1][5][7].

The House is advancing a parallel proposal called the STABLE Act, which shares similar goals but differs in certain regulatory details, such as the treatment of nonbank issuers and reserve management[6][8]. Both bills emphasize anti-money laundering and consumer protection requirements, but recent opposition from some Senate Democrats has raised concerns about the sufficiency of provisions related to national security, foreign issuers, and accountability. These disagreements have thrown the future of the legislation into doubt, even as the Trump administration pushes for swift passage to maintain US leadership in digital finance[1][2]. If enacted, the law would require implementation within a year, with the aim of fostering innovation while safeguarding the financial system and consumers