天才法案
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“Genius Act” and the New East India Company: How will the US dollar stablecoin challenge the existing legal currency system and national form?
This is an extremely clever asymmetric strategy. The United States is taking advantage of its opponent's weakest link: the fear of losing control, to build its own moat. -- Author
1. Ghosts of History: The Digital Return of the East India Company
History never simply repeats itself, but it rhymes. When Trump happily signed his name on the document of the "GENIUS Act", what came to my mind was the memory of history - the Dutch and British East India Companies, commercial behemoths that were granted sovereign powers by the state in the 17th and 18th centuries.
1. Ghosts of History: The Digital Return of the East India Company
History never simply repeats itself, but it rhymes. When Trump happily signed his name on the document of the "GENIUS Act", what came to my mind was the memory of history - the Dutch and British East India Companies, commercial behemoths that were granted sovereign powers by the state in the 17th and 18th centuries.
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US Stablecoin Legislation Passed: Will USDT Withdraw from the US Market?
ETH has been rising very sharply recently. A'Leng believes that one of the factors is the implementation of the stablecoin bill.
On July 17, 2025, the US House of Representatives passed the (GENIUS Act), marking the birth of the first major cryptocurrency law in the United States. This bill establishes a clear regulatory framework for stablecoins, which not only brings unprecedented legitimacy to the industry, but will also profoundly affect the development of the stablecoin ecosystem.
The implementation of this method is very beneficial to USDC, and USDC is issued on the $ETH chain.
July 17th bill passed
1. Regulatory upgrade
The (GENIUS Act) sets clear regulatory requirements for stablecoin issuers, including 1:1 reserves, monthly disclosure of reserve composition, regular audits, and compliance with anti-money laundering (AML) and sanctions regulations. These measures are designed to ensure the transparency and financial stability of stablecoins, providing stronger protection for consumers and the market.
On July 17, 2025, the US House of Representatives passed the (GENIUS Act), marking the birth of the first major cryptocurrency law in the United States. This bill establishes a clear regulatory framework for stablecoins, which not only brings unprecedented legitimacy to the industry, but will also profoundly affect the development of the stablecoin ecosystem.
The implementation of this method is very beneficial to USDC, and USDC is issued on the $ETH chain.
July 17th bill passed
1. Regulatory upgrade
The (GENIUS Act) sets clear regulatory requirements for stablecoin issuers, including 1:1 reserves, monthly disclosure of reserve composition, regular audits, and compliance with anti-money laundering (AML) and sanctions regulations. These measures are designed to ensure the transparency and financial stability of stablecoins, providing stronger protection for consumers and the market.
BiyaPay不冻卡出金:
以太坊最近势头高歌猛进
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After Trump signed the "GENIUS Act", Tether's CEO Paolo Ardoino said they intend to ensure that their stablecoin USDT (the one pegged to the US dollar) complies with the provisions for foreign stablecoin issuers in the act, so that it can be traded in the United States.
He also mentioned that the company wants to create a domestic stablecoin in the US and hopes that USDT can pass the approval of this act. These two products are designed to meet the needs of different customers in the US, as USDT may primarily be used for remittances overseas.
However, this act requires foreign issuers to strictly adhere to anti-money laundering laws and undergo complex reserve audits. Tether's reserves have never undergone a comprehensive audit, but Ardoino stated that arrangements will be made in the future.#天才法案 #稳定币
He also mentioned that the company wants to create a domestic stablecoin in the US and hopes that USDT can pass the approval of this act. These two products are designed to meet the needs of different customers in the US, as USDT may primarily be used for remittances overseas.
However, this act requires foreign issuers to strictly adhere to anti-money laundering laws and undergo complex reserve audits. Tether's reserves have never undergone a comprehensive audit, but Ardoino stated that arrangements will be made in the future.#天才法案 #稳定币
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I checked the voting live stream page for this H RES 580.
It turns out that this is a collection of four bills that will be voted on in the 119th Congress of the United States House of Representatives.
Among them, the last one, S.1582, is the stablecoin bill.
The second one, H.R. 3633, is about the division of responsibilities for compliance management of virtual goods sales between the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission.
These two bills are related to how Trump’s World Liberty Financial company plans to expand the issuance of the USD1 stablecoin and whether their own project token #WLFI can be traded on exchanges in compliance.
I stayed up late for nothing; in the next few days, I still have to continue monitoring the House of Representatives' voting results.
The voting results haven't come out yet; why have both BTC and ETH risen like this?
#worldlibertyfi
#WLFI
#天才法案
#GENIUSACATPASS
It turns out that this is a collection of four bills that will be voted on in the 119th Congress of the United States House of Representatives.
Among them, the last one, S.1582, is the stablecoin bill.
The second one, H.R. 3633, is about the division of responsibilities for compliance management of virtual goods sales between the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission.
These two bills are related to how Trump’s World Liberty Financial company plans to expand the issuance of the USD1 stablecoin and whether their own project token #WLFI can be traded on exchanges in compliance.
I stayed up late for nothing; in the next few days, I still have to continue monitoring the House of Representatives' voting results.
The voting results haven't come out yet; why have both BTC and ETH risen like this?
#worldlibertyfi
#WLFI
#天才法案
#GENIUSACATPASS
镜中幽狐:
因为感觉是必过的吧？所以提前透支涨幅了
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#天才法案 Due to regulations, stablecoins must be pegged to U.S. Treasuries. The actual operation is that when an investor exchanges one dollar for a stablecoin, the issuing stablecoin company must simultaneously buy U.S. Treasuries worth one dollar. As a result, one dollar becomes effectively two dollars in use. So now, with the increased debt ceiling in the United States, the best option for the difference is to exchange for stablecoins, which can simultaneously prosper both the bond market and the crypto space. You ask about the stock market? Recently, hasn't there been a token for U.S. stocks? Moreover, after buying the token, it can be used as collateral to buy Bitcoin again, effectively turning one dollar into three dollars in use.
Isn't this process of leveraging the dollar to inflate a bubble the biggest benefit?
Isn't this process of leveraging the dollar to inflate a bubble the biggest benefit?
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Let's talk about the recently hot $WLFI
Because I'm lazy, I haven't posted in a long time! Let's talk about the hottest topic recently.
$WLFI, actually, I have mentioned it in my previous articles & short posts, you can go take a look. But with the US #天才法案 soon passing, plus $WLFI already in the process of being listed on exchanges, it's getting hot due to a lot of “foreign” #KOL mentions.
The market performance within $WLFI is also one of the reasons why $WLFI is gaining attention.
The first round of pre-sale was $0.015, the second round was $0.05, and it has already sold out. There are about 85,000 wallets holding coins. Basically, as long as these people (including me) don't panic sell, we can definitely make a lot of money.
$WLFI, actually, I have mentioned it in my previous articles & short posts, you can go take a look. But with the US #天才法案 soon passing, plus $WLFI already in the process of being listed on exchanges, it's getting hot due to a lot of “foreign” #KOL mentions.
The market performance within $WLFI is also one of the reasons why $WLFI is gaining attention.
The first round of pre-sale was $0.015, the second round was $0.05, and it has already sold out. There are about 85,000 wallets holding coins. Basically, as long as these people (including me) don't panic sell, we can definitely make a lot of money.
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