#USStablecoinBill

#USStablecoinBill refers to 2025 legislative efforts to regulate stablecoins in the U.S., primarily through the Senate’s GENIUS Act and the House’s STABLE Act. The GENIUS Act, passed by the Senate Banking Committee on March 13, 2025 (18-6 vote), establishes a federal framework for dollar-pegged stablecoins, requiring 1:1 reserve backing with assets like U.S. Treasury bills, monthly audits, and anti-money laundering compliance. Issuers with over $10 billion in issuance face federal oversight, while smaller ones can opt for state regulation. The STABLE Act, passed by the House Financial Services Committee on April 3 (32-17 vote), aligns closely but imposes a two-year moratorium on algorithmic stablecoins. Both bills aim to enhance U.S. dollar dominance and financial inclusion but face criticism for loopholes, like inadequate regulation of offshore issuers (e.g., Tether).