#USStablecoinBill O #USStablecoinBill, formally known as the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act), is a bill currently in progress in the U.S. Congress that aims to establish the first federal regulatory framework for stablecoins. Approved by the Senate Banking Committee in March 2025, the bill proposes licensing, oversight, and reserve requirements for payment stablecoin issuers. However, the bill's progress faces obstacles due to partisan disagreements, especially after nine Democratic senators withdrew their support, expressing concerns about money laundering and systemic risks. Despite the controversies, the GENIUS Act represents a significant step in integrating stablecoins into the traditional U.S. financial system.