On February 4, 2025, Senator Bill Hagerty introduced the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act in the U.S. Senate. This bill aims to create a regulatory framework for stablecoin issuers in the United States. However, some parties are concerned that this regulation could become a "Trojan horse" to covertly introduce Central Bank Digital Currency (CBDC).

So, is this bill a step forward in the crypto industry or rather a threat to financial decentralization?