#USStablecoinBill

Latest developments of the stablecoin regulation bill in the United States (US Stablecoin Bill)

The stablecoin regulation bill in the United States, known as the "GENIUS Act," has seen dramatic developments in recent days. After receiving support from both parties, nine Democratic senators withdrew their support, citing concerns about anti-money laundering, national security, and consumer protection.

Tensions have risen due to the bill's connection to the Trump family's interests in the cryptocurrency space, particularly following a $2 billion transaction involving a stablecoin known as USD1, launched by World Liberty Financial, in which the Trump family holds a significant stake.

Despite these challenges, Republicans are seeking to pass the bill before the Congressional recess in August, but divisions within the Democratic Party threaten to delay or significantly alter the legislation.

At the same time, major companies like Visa continue to expand the use of stablecoins, thereby increasing pressure on lawmakers to find an effective regulatory framework.