#USStablecoinBill

Creating a stir in Washington! 🇺🇸🪙 Two major bills - the STABLE Act in the House and the GENIUS Act in the Senate - aim to establish the first federal framework for stablecoins. 🏛️💼 But the political drama is heating up. 🔥 Nine Democratic senators recently withdrew their support, citing concerns over money laundering risks and potential connections between the Trump family and a $2 billion stablecoin deal. 💰🤔 The GENIUS Act, led by Senator Hagerty and co-sponsored by Senator Gillibrand, had bipartisan momentum but is now facing delays. ⏳⚖️ Meanwhile, the STABLE Act proposes strict licensing and reserve requirements for issuers. 🏦🔐 With President Trump seeking to pass it by August, the cryptocurrency industry is watching closely. 📅👀

#American_Stablecoin_Bill