The U.S. Senate Banking Committee approved the GENIUS Act on March 13, 2025, a bipartisan bill regulating payment stablecoins. It mandates 1:1 reserve backing, monthly disclosures, and bans algorithmic stablecoins to ensure stability and consumer protection. The House’s STABLE Act aligns with similar goals, aiming to strengthen U.S. dollar dominance in digital finance. With strong support, including from President Trump, both bills could be signed by August 2025, fostering innovation while addressing illicit finance risks. This framework positions the U.S. as a crypto leader. #Usstablecoinbill