#USStablecoinBill #USStablecoinBill

The U.S. Senate is advancing the GENIUS Act, a landmark bill aiming to regulate stablecoins. If enacted, it would establish a federal licensing framework for stablecoin issuers, requiring full backing of reserves, monthly audits, and compliance with anti-money laundering laws. Issuers could operate under federal or state oversight, depending on their size and compliance.

However, the bill faces bipartisan opposition. Nine Senate Democrats recently withdrew support, citing concerns over insufficient safeguards against financial risks and money laundering. Additionally, ethical questions have arisen due to the involvement of World Liberty Financial, a company partly owned by the Trump family, in a \$2 billion stablecoin-backed investment in Binance.