币界网报道：The proposed "Genius Act" by U.S. lawmakers could potentially ban Tether (USDT) and other algorithmic stablecoins, citing concerns over financial stability and lack of transparency. The bill aims to regulate stablecoins more strictly, requiring issuers to maintain full reserves and undergo regular audits. Tether, the largest stablecoin by market cap, has faced scrutiny over its reserve backing and compliance. If passed, the act could significantly impact the crypto market, as USDT is widely used for trading and liquidity. Industry advocates argue that excessive regulation may stifle innovation and push crypto businesses offshore. The bill is currently under review, with debates ongoing about its potential effects.