#USStablecoinBill As of May 5, 2025, the U.S. Senate's stablecoin legislation—the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act—is facing significant challenges due to a sudden shift in Democratic support, casting uncertainty over its future.

Democratic Withdrawal of Support: Nine Senate Democrats, including previous supporters, have withdrawn backing for the GENIUS Act. They cite concerns over inadequate provisions for anti-money laundering (AML), national security, and consumer protections. This shift jeopardizes the bill's progression, as it now lacks the necessary votes to overcome a potential filibuster.

Ethical Concerns Involving Trump Family: The Trump family's involvement in the stablecoin sector, particularly through their company World Liberty Financial and its USD1 stablecoin, has raised ethical questions. A notable deal involving a $2 billion investment from a UAE-backed firm using USD1 has intensified scrutiny, with critics expressing concerns about potential conflicts of interest and the