U.S. lawmakers continue to discuss the Senate stablecoin bill, with negotiations "90% complete".

Mars financial news, the U.S. Senate stablecoin bill “GENIUS Act” negotiations have made important progress, people familiar with the matter revealed that the two sides have reached a consensus on 90% of the terms. At present, the remaining disagreements mainly focus on the ethics of special government employees, including Musk, and the standard requirements for public companies to issue stablecoins. According to the latest draft, stablecoin issuers are required to maintain 100% of US dollars or other highly liquid assets as reserves, and projects with a market capitalization of more than $50 billion must be audited annually. The bill also contains provisions for foreign issuers operating in the United States. Despite the failure to vote on Thursday for the closing debate process as planned, the Democrats have sent positive signals. “We are willing to support the motion to end the debate, but we need Republican assurances to continue to negotiate the remaining 10 percent of the differences,” one source said. Last week, the bill failed to enter the debate process due to collective opposition from Democrats, with the main controversy related to anti-money laundering standards and foreign issuer regulation. Mark Hays, a policy analyst at the Financial Reform Organization, pointed out that while the current draft covers special government employees such as Musk, it does not address the issue of President Trump’s connection to the stablecoin business of decentralized finance platform World Liberty Financial. Analysts believe that the coming week will be a critical window period, and if the two sides can resolve the remaining differences, the probability of the bill passing will be greatly increased. （The Block）