#USStablecoinBill #USStablecoinBill – Stablecoin Bill in the US

The US Congress is considering the GENIUS Act 2025, a bill aimed at establishing a federal legal framework for stablecoins.

Key points:

• Stablecoins must be backed 1:1 by USD or high-liquidity assets (e.g., government bonds).

• Issuers must comply with capital requirements, transparency of reserves, and must not reuse collateralized assets.

• Allows for regulation at both federal and state levels (depending on the scale of the issuing organization).

Controversy:

• Some Democratic senators have withdrawn support due to concerns over lack of anti-money laundering controls.

• Public opinion is concerned about the Trump family's involvement with the stablecoin issuer USD1, which could create a conflict of interest.

Significance:

If passed, the bill would have a significant impact on the crypto industry, especially for stablecoin projects operating in the US.