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Updates on U.S. Cryptocurrency Regulation: The GENIUS Act votes tomorrow, CBDC may face a complete ban!
When the policy winds shift, the market surges! The latest developments on the three major cryptocurrency bills in the U.S. may reshape the industry's rules of the game.
(GENIUS Act) — The 'identity card' for stablecoins is coming soon!
This bill essentially sets regulations for stablecoins (like USDT, USDC), clarifying who regulates and how they do it. It has already passed the debate in the House and will have a final vote on July 18. If passed, stablecoin issuers may face stricter compliance requirements, but industry chaos will likely decrease.
Brother Lei's view: In the short term, it may scare off some unconventional projects, but in the long run, compliance will encourage large institutions to enter the market. Consider how PayPal's stock surged when it launched its stablecoin last year; clear policies signal the entry of large capital!
(GENIUS Act) — The 'identity card' for stablecoins is coming soon!
This bill essentially sets regulations for stablecoins (like USDT, USDC), clarifying who regulates and how they do it. It has already passed the debate in the House and will have a final vote on July 18. If passed, stablecoin issuers may face stricter compliance requirements, but industry chaos will likely decrease.
Brother Lei's view: In the short term, it may scare off some unconventional projects, but in the long run, compliance will encourage large institutions to enter the market. Consider how PayPal's stock surged when it launched its stablecoin last year; clear policies signal the entry of large capital!
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《Tariff War + Bill Changes! Binance's Sudden Big Moves, How to Strategize for the Second Half of 2025?》
"The market is always changing, but opportunities are only reserved for those who understand the signals—U.S. tariffs increasing, the bill being enacted, Binance making big moves at midnight; behind these three bombs lies the biggest wealth code for 2025!"
1. The U.S. tariff war escalates again; will commodities fall first?
Last night, the White House suddenly announced a 30% tariff on electric vehicles from China, followed by tariffs on aluminum and chips, causing Chinese stocks in the U.S. to plunge. Interestingly, Bitcoin rose by 2%—the market is clearly indicating: the more chaotic traditional trade becomes, the more capital flows into the crypto market!
(Case study) Last year's 2024 tariff war saw gold and Bitcoin rise simultaneously by 15%; history may repeat itself this time.
1. The U.S. tariff war escalates again; will commodities fall first?
Last night, the White House suddenly announced a 30% tariff on electric vehicles from China, followed by tariffs on aluminum and chips, causing Chinese stocks in the U.S. to plunge. Interestingly, Bitcoin rose by 2%—the market is clearly indicating: the more chaotic traditional trade becomes, the more capital flows into the crypto market!
(Case study) Last year's 2024 tariff war saw gold and Bitcoin rise simultaneously by 15%; history may repeat itself this time.
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2024 US defense bill removes encryption rules from legislation
Lawmakers have removed cryptocurrency provisions from the 2024 National Defense Authorization Act, which is heading for a final vote.
The 2024 National Defense Authorization Act is almost certain to be approved without new rules targeting cryptocurrencies after negotiators scrapped encryption language to ease passage through the House and Senate.
While the legislation retains broad provisions for existing security programs, it avoids expanding regulatory scope to digital assets. The decision defers any potential new cryptocurrency regulations to possible future action by Congress.
According to the Senate Armed Services Committee, the bill omits a Senate amendment that would have required the Treasury Secretary to establish a review process to evaluate financial institutions’ cryptocurrency laundering controls and compliance.
The 2024 National Defense Authorization Act is almost certain to be approved without new rules targeting cryptocurrencies after negotiators scrapped encryption language to ease passage through the House and Senate.
While the legislation retains broad provisions for existing security programs, it avoids expanding regulatory scope to digital assets. The decision defers any potential new cryptocurrency regulations to possible future action by Congress.
According to the Senate Armed Services Committee, the bill omits a Senate amendment that would have required the Treasury Secretary to establish a review process to evaluate financial institutions’ cryptocurrency laundering controls and compliance.
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#法案 Bill Contents and Impact $SOL 币安最大柯南社区直播群
- Reserves and Regulatory Requirements: The bill passed by the US Senate requires stablecoins like USDT and USDC to be backed by real cash or short-term US Treasury bonds, with monthly audits and bank supervision. Entities with a market capitalization exceeding 10 billion will face stricter regulation. This will enhance the transparency and security of the stablecoin market, but it also increases the compliance costs and operational pressures for stablecoin issuers.
- Relationship Between US Treasuries and Stablecoins: The scale of US Treasuries is enormous, with a massive amount maturing in 2025 and 2026. Stablecoins have become the 'buyers' of US Treasuries, with Tether holding a significant amount. After the bill's passage, it will encourage more stablecoin companies to purchase US Treasuries, providing some level of financial support to the Treasury market; however, the total scale of stablecoins relative to the US Treasury deficit is relatively small, limiting their impact.
- Impact on Dollar Hegemony: The bill bans non-dollar stablecoins, forcing global players to settle on the dollar blockchain, attempting to upgrade dollar hegemony to 'Blockchain Version 3.0.' This strengthens the dollar's dominant position in the international financial system and helps maintain the dollar's status as the international settlement currency, but it may also provoke dissatisfaction and resistance from other countries.
Potential Risks
- Market Instability Risk: The small scale of stablecoins makes it difficult to fill the significant deficit of US Treasuries, and there are risks of users redeeming stablecoins leading to Treasury sell-offs, or Treasury collapses triggering devaluation of stablecoin reserves, which could cause a chain reaction in the market, resulting in financial instability.
- Regulatory and Compliance Risks: Although strengthened regulation can reduce fraud and manipulation in the stablecoin market, the regulatory policies regarding stablecoins vary across different countries and regions, which could affect the cross-border flow and use of stablecoins and pose challenges for issuers in adapting to different regulatory requirements.
Overall, this bill is an attempt by the US to maintain dollar hegemony in the blockchain era, but its effectiveness and impact are uncertain and require close attention to market dynamics and changes in the international financial landscape.
- Reserves and Regulatory Requirements: The bill passed by the US Senate requires stablecoins like USDT and USDC to be backed by real cash or short-term US Treasury bonds, with monthly audits and bank supervision. Entities with a market capitalization exceeding 10 billion will face stricter regulation. This will enhance the transparency and security of the stablecoin market, but it also increases the compliance costs and operational pressures for stablecoin issuers.
- Relationship Between US Treasuries and Stablecoins: The scale of US Treasuries is enormous, with a massive amount maturing in 2025 and 2026. Stablecoins have become the 'buyers' of US Treasuries, with Tether holding a significant amount. After the bill's passage, it will encourage more stablecoin companies to purchase US Treasuries, providing some level of financial support to the Treasury market; however, the total scale of stablecoins relative to the US Treasury deficit is relatively small, limiting their impact.
- Impact on Dollar Hegemony: The bill bans non-dollar stablecoins, forcing global players to settle on the dollar blockchain, attempting to upgrade dollar hegemony to 'Blockchain Version 3.0.' This strengthens the dollar's dominant position in the international financial system and helps maintain the dollar's status as the international settlement currency, but it may also provoke dissatisfaction and resistance from other countries.
Potential Risks
- Market Instability Risk: The small scale of stablecoins makes it difficult to fill the significant deficit of US Treasuries, and there are risks of users redeeming stablecoins leading to Treasury sell-offs, or Treasury collapses triggering devaluation of stablecoin reserves, which could cause a chain reaction in the market, resulting in financial instability.
- Regulatory and Compliance Risks: Although strengthened regulation can reduce fraud and manipulation in the stablecoin market, the regulatory policies regarding stablecoins vary across different countries and regions, which could affect the cross-border flow and use of stablecoins and pose challenges for issuers in adapting to different regulatory requirements.
Overall, this bill is an attempt by the US to maintain dollar hegemony in the blockchain era, but its effectiveness and impact are uncertain and require close attention to market dynamics and changes in the international financial landscape.
[Ended] 🎙️ Will Trump's hero dog CONAN be the next DOGE?
与其追逐风口，不如成为风口！
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North Carolina House of Representatives Wants to Spend $50K to Study Benefits of Holding Bitcoin
The bill seeks to examine the benefits of holding Bitcoin as a potential inflation hedge, among other things.
The North Carolina House of Representatives has passed a bill that includes provisions to investigate the acquisition and potential benefits of Bitcoin and other cryptocurrencies.
House Bill 721, titled the “National Precious Metals Depository Study,” seeks to study the potential impact of national security holding, insuring and clearing virtual currencies, specifically Bitcoin. The bill, which received 73 votes in favor and 40 against, with seven absentees, is now on the Senate floor for further consideration.
The North Carolina House of Representatives has passed a bill that includes provisions to investigate the acquisition and potential benefits of Bitcoin and other cryptocurrencies.
House Bill 721, titled the “National Precious Metals Depository Study,” seeks to study the potential impact of national security holding, insuring and clearing virtual currencies, specifically Bitcoin. The bill, which received 73 votes in favor and 40 against, with seven absentees, is now on the Senate floor for further consideration.
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