US lawmakers continue to discuss Senate stablecoin bill, negotiations are '90% complete' According to The Block, significant progress has been made in negotiations for the US Senate stablecoin bill, the GENIUS Act, with insiders revealing that both sides have reached a consensus on 90% of the terms. At present, the remaining disagreements mainly focus on the ethical standards for government special employees (including Musk) and the standard requirements for listed companies to issue stablecoins. According to the latest draft, stablecoin issuers are required to maintain 100% of their US dollars or other highly liquid assets as reserves, and projects with a market value exceeding 50 billion US dollars must undergo annual audits. The bill also includes relevant provisions for foreign issuers operating in the United States. Despite not being able to proceed with the planned vote to close the debate on Thursday, the Democratic Party has sent a positive signal