GENIUS法案

U.S. Senate Passes Stablecoin Regulation 'GENIUS Act'

On June 17, the U.S. Senate passed the 'Guidance and Establishment of the American Stablecoin National Innovation Act' (GENIUS Act) by a vote of 51 to 23. The bill has been sent to the House of Representatives for review. This vote follows the conclusion of debate on June 11, which ended with a vote of 68 to 30, initiating a 30-hour mandatory countdown to push for a final vote.

Tennessee Republican Senator Bill Hagerty, the main sponsor of the bill, called this vote a "great victory for America." Hagerty stated on social media platform X that the GENIUS Act establishes the first regulatory framework conducive to the development of payment stablecoins.

Hagerty pointed out that the implementation of the GENIUS Act will solidify the dollar's position, protect consumers, increase demand for government bonds, and ensure that the U.S. maintains control over digital asset innovation. He emphasized that linking stablecoins to cash or short-term government bonds combines the stability of the dollar with the speed of blockchain, achieving instant settlement and opening up a new generation of payment methods.

He also predicted that by 2030, stablecoin issuers could become the largest holders of government bonds globally, enhancing fiscal resilience. The GENIUS Act also requires stablecoin issuers to hold reserves equal to the number of tokens in circulation, limited to short-term U.S. government bonds or insured deposits, and prohibits issuers from earning profits. Additionally, reserves must be kept in separate accounts, and issuers must maintain compliance plans, perform customer due diligence, and report suspicious activities.

The bill also stipulates that entities with liabilities exceeding $10 billion must obtain federal charters; smaller issuers can operate under state systems that meet federal standards but are still subject to joint review by federal regulators. Furthermore, the Treasury Department will be required to publish quarterly audit templates, and the Commodity Futures Trading Commission (CFTC) will be granted limited enforcement authority over the spot market.

Meanwhile, Treasury Secretary Scott Bessent stated that the new cryptocurrency stablecoin regulations would help lower government borrowing costs, reduce national debt, and enable millions of users worldwide to use dollar-denominated digital currencies. With the Senate passing the GENIUS Act, the public is now looking forward to the final review outcome in the House of Representatives.

#GENIUS法案 #稳定币监管

GENIUS Act: A Safeguard or a Stumbling Block for Stablecoins?

Today in the crypto world, discussions about the GENIUS stablecoin act are fervent.

The passage of the act signifies that the crypto industry may usher in a more compliant future, but it also brings pressure that small projects and decentralized stablecoins may hesitate to voice.

1. GENIUS Act: A Double-Edged Sword of Compliance

This act indeed brings higher legitimacy to stablecoins, particularly in terms of consumer protection, such as 1:1 reserve requirements and bankruptcy priority, which may encourage more institutional investors to enter the market and improve the acceptance of stablecoins in mainstream finance.

However, this seemingly perfect compliance framework may not be as glamorous as it appears. For small projects, compliance costs are clearly a huge burden. Especially in a market exceeding $10 billion, projects must shift to federal regulation, which undoubtedly increases pressure on small issuers.

2. The Future of Decentralized Stablecoins is at Risk

The clear definition and regulatory requirements for payment stablecoins in the act also trigger dilemmas for decentralized stablecoins. The existence of decentralized stablecoins like DAI may face greater regulatory barriers in the future. Will there be a situation where only licensed banks can issue stablecoins? If so, this would severely restrict the development of decentralized stablecoins.

Behind this policy, the deeper reason is the pressure from banks and traditional financial interest groups, which may limit innovation and the spirit of decentralization.

3. Over-Regulation, a Constraint on Innovation

Although on the surface, the GENIUS Act may bring compliance benefits, for small projects, if regulation is too strict, it could lead to industry centralization, forcing many innovative small projects out of the market, which may actually represent the true future of the crypto space.

In the long run, the essence of a decentralized and open industry may be threatened.

4. My Opinion

I believe that the GENIUS Act is a step towards maturity for the crypto industry, but its implementation details will directly determine the future direction of the industry. If the act can take into account innovation and the space for decentralization during its execution, it may become a driving force for the industry’s development.

#GENIUS法案 #稳定币合规

The 8th time since 2025! Bitcoin faces resistance at $106,000, market sentiment is complex

Bitcoin has been fiercely contested around the $106,000 mark recently. On Tuesday, it briefly reached $107,000 but quickly fell back to around $105,000, marking the 8th failure to effectively break through since 2025.

Market analysts point out that this critical level is becoming an important psychological barrier for bulls, with significant selling pressure triggered each time it is approached.

At the same time, the current market performance is influenced by a mix of bullish and bearish factors:

On one hand, the advancement of the U.S. "GENIUS Stablecoin Act" and the continuous influx of funds into Bitcoin spot ETFs provide support. For instance, BlackRock's IBIT holds over 630,000 Bitcoins, accounting for 3% of the total Bitcoin supply, and its structural buying has propelled Bitcoin's rise by 42% so far this year.

On the other hand, Moody's downgraded the U.S. sovereign rating to Aa1 last weekend. Although this temporarily boosted Bitcoin's buying demand, high real yields continue to suppress risk appetite.

Additionally, global regulatory policies regarding Bitcoin and other cryptocurrencies remain unclear, and the complex geopolitical situation is also causing disturbances in market sentiment. Moreover, Bitcoin is facing key resistance levels technically, making technical pullback pressure significant.

According to analysts, Bitcoin needs to close above $107,500 on a daily basis to confirm a breakout. They expect the first support level to be around $102,750, which coincides with the intersection of the 50-day moving average and Monday's opening price.

Currently, BTC volatility is near historical lows, but the expiration of a large number of options on May 30 (concentrated around the $110,000-$115,000 strike price) could trigger significant price fluctuations. The upcoming release of FOMC meeting minutes and legislative progress will also serve as short-term catalysts. Furthermore, JPMorgan has recently opened Bitcoin investments to its banking clients, marking a rapid move by traditional institutions.

In summary, Bitcoin is currently at a critical decision point. Whether it can convert the $106,000 resistance into support in the coming days and subsequently challenge the historical high from January is also the focus of widespread market attention.

Do you think Bitcoin can break through the key resistance level of $106,000 in the next few days? What unique insights do you have regarding Bitcoin's upcoming market situation? Feel free to share!

#比特币阻力位 #加密货币ETF #GENIUS法案

The current bull market in the cryptocurrency space, #GENIUS法案 , is likely the last major bull market in cryptocurrency that ordinary people can seize! The logic is as follows:

In the previous article, Coin Sister mentioned that Trump is someone who always has multiple plans,

Recently, his series of actions have been focused on cutting expenses, allowing Old Ma to eliminate unnecessary expenditures, while continuously imposing various trade tariffs to collect tolls and fees from the world,

At the same time, he is applying both soft and hard pressure on Powell, while also ensuring that his son’s group is fundraising for cryptocurrency, and the most important step is that the passage of the GENIUS stablecoin bill will soon connect U.S. Treasury bonds to cryptocurrency.

If the bill passes, it is highly likely that both U.S. Treasury bonds and cryptocurrency will welcome a larger influx of capital.

Therefore, if there is one thing that could drive this big bull market, it is probably this.

The last major cryptocurrency dividends that we ordinary people can participate in.

Answer the Riddle 🙌
"I'm born from complex math and code so fine,
My value rises and falls with market's design.
Some mine me with mighty machines so grand,
While others trade me with just a tap of their hand.
What am I?" HINT in the # tags
Think you can solve it?
$BNB $SOL
#cryptocurreny #RIDDLE #TrendFollowing #mind_stuck #GENIUS法案

U.S. Stablecoin Regulatory Dual-Track System: Analyzing the Path Differences of the STABLE Act and the GENIUS Act

Recently, two major bills in the U.S. Congress regarding stablecoin regulation have drawn market attention. The STABLE Act proposed by the House of Representatives and the GENIUS Act promoted by the Senate exhibit distinctly different regulatory approaches.

In simple terms, the STABLE Act adopts a more conservative regulatory stance, requiring stablecoin issuers to maintain a 1:1 reserve of cash, U.S. Treasury securities, or highly liquid assets. While there is no issuance cap, it strictly limits the scope of operations, allowing only basic services such as issuance, redemption, and custody, and stipulates that false reporting will face severe penalties.

In contrast, the GENIUS Act places greater emphasis on market efficiency, allowing reserve assets to include reverse repurchase agreements and money market fund investments, and adopting a layered regulatory model. It implements federal regulation for issuers with assets exceeding $10 billion, while granting stablecoin holders priority in bankruptcy repayment.

Currently, the progress of the two bills is uneven. The GENIUS Act has already been passed by the Senate Banking Committee, and the White House has expressed support. Meanwhile, the revised STABLE Act has just been submitted for consideration in the House of Representatives. Market analysis indicates that if the GENIUS Act is ultimately passed, it could attract more institutional investors; whereas the strict regulations of the STABLE Act may stifle industry innovation.

It is worth noting that the compliance rate of reserves among existing major stablecoin issuers is only 66%-83%. Whichever bill is passed will force them to adjust their operating models. This regulatory game not only concerns the development of the U.S. stablecoin market but will also have far-reaching impacts on global cryptocurrency policy.

Do you support the strict risk control of the STABLE Act? Or do you favor the flexible regulation of the GENIUS Act? Leave your thoughts in the comments!

#稳定币监管 #STABLE法案 #GENIUS法案

Democrats are worried that Trump will profit from it, and cryptocurrency legislation is blocked

Recently, Trump's frequent involvement in the field of cryptocurrency has aroused Democrats' concerns about its potential interest transfer and corruption, which has slowed down the United States' progress in promoting cryptocurrency and stablecoin legislation.

The GENIUS Act, which was originally highly anticipated and considered the easiest to pass, aims to establish a regulatory framework for US payment stablecoins. However, when the bill was voted on in the Senate last Thursday, it failed to pass with 48 votes in favor and 49 votes against.

In fact, there was originally a bill on the structure of the US crypto market to be discussed, but it was also shelved because of Trump's incident.

This matter has to start with Trump's TRUMP meme coin, which rose to $75 before he took office. As soon as he took office, the price fell all the way, which made many investors very dissatisfied.

The GENIUS Act was expected to pass smoothly, but last weekend, only 4 of the 9 Democratic senators voted in favor, saying that they would not support it due to national security and money laundering issues.

On May 6, Maxine Waters, the Democratic leader of the House Financial Services Committee, accused Trump of making at least $350 million through memecoins when discussing the Crypto Market Structure Act, calling his behavior "corrupt."

At the same hearing, Chastity Murphy, a consultant to the U.S. Treasury Department, accused Trump's cryptocurrency empire of being a tool for "power-for-money transactions, bribery, and regulatory capture." Another congressman revealed that Trump has made about $2.9 billion from cryptocurrency investments, accounting for nearly 40% of his wealth.

On May 7, Senator Mark Kelly proposed the Ending Crypto Corruption Act, which aims to prohibit members of Congress and their families from issuing, endorsing, or sponsoring crypto assets such as the TRUMP memecoin and the USD1 stablecoin. He emphasized that Trump's use of the presidency to profit from cryptocurrencies is "corruption in broad daylight."

In addition, several senators wrote to the Secretary of the Treasury and the Attorney General to investigate Trump's relationship with Binance.

Despite the numerous concerns, senators from both parties have begun negotiations since the failed vote and are expected to vote on the GENIUS Act again next Monday.Please stay tuned!

#加密货币 #GENIUS法案 #立法金融监管

U.S. GENIUS Stablecoin Bill Achieves Key Breakthrough in Senate, Bipartisan Consensus Drives Regulatory Framework Implementation

On May 20, the U.S. Senate passed the procedural motion for the "GENIUS Stablecoin Bill" with a vote of 66 to 32, marking a significant advancement for this critical legislation. Notably, over 15 Democratic lawmakers reversed their positions to vote in favor, despite Minority Leader Chuck Schumer maintaining his opposition. The passage of this "motion to end debate" clears the way for the bill to enter the stage of full debate, where lawmakers will discuss specific provisions and propose amendments.

This bill, introduced by Senator Bill Hagerty in February, aims to establish a comprehensive regulatory framework for the $248 billion stablecoin market. Key provisions include: requiring stablecoins to be backed by 100% reserve assets, conducting regular safety audits, limiting issuers to licensed institutions, and strictly restricting algorithmic stablecoins. Hagerty emphasized that this bill would not only modernize the U.S. payment system but also solidify the dominance of the dollar. He expects that the passage of the bill will stimulate demand for over a trillion dollars in government bonds and drive innovation in digital assets.

Senator Cynthia Lummis, who is pushing for this bill, stated: "Digital assets represent the future, and we are one step closer to ensuring America's leadership." Although Democrats had previously paused support due to concerns over anti-money laundering and controversies surrounding Trump's cryptocurrency holdings, bipartisan consensus has been reestablished following revisions to the provisions. The legislative process is currently accelerating, and Lummis has called for the completion of the legislative process before May 26 (Memorial Day in the U.S.).

Currently, the stablecoin market is dominated by Tether (USDT), which holds a 61% market share with a circulation of $151 billion; Circle's USDC ranks second with a market size of $60 billion. This legislative breakthrough coincides with the House's passage of the "STABLE Act" in early April, signaling that the U.S. cryptocurrency regulatory framework is becoming increasingly robust. As the bill enters its final sprint phase, the global digital asset market may usher in a new compliance benchmark.

As the GENIUS bill enters the stage of full debate, what impact will this have on the stablecoin and cryptocurrency markets? Leave your comments in the discussion section!

#美国加密货币监管 #稳定币立法 #GENIUS法案 #数字美元战略

💼The U.S. Treasury Department appoints a new crypto advisor: Promote stablecoin legislation and accelerate cryptocurrency regulation!

The U.S. Treasury Department has recently appointed Tyler Williams as a cryptocurrency advisor. His primary mission is to assist Congress in formulating stablecoin legislation. This move heralds a critical development in the field of digital currency regulation in the United States.

At a recent private digital asset event in Washington, D.C., Williams said that clear legal guidelines and a unified regulatory framework are critical to the stablecoin industry, which will not only enhance industry confidence, but also ensure that state and federal regulators operate under a consistent framework.  

Williams emphasized that establishing clear legal guidelines for stablecoins will not only enhance industry confidence, but also ensure consistent regulatory approaches across jurisdictions. At the same time, as a former regulatory attorney for Galaxy Digital, Williams is optimistic about the future of the industry. He believes that this appointment by the Treasury Department has demonstrated that the United States is willing to introduce cryptocurrencies into the mainstream financial system in a responsible manner.  

At the same event, Republican Congressman Bryan Steil of Wisconsin was also optimistic about the prospects for stablecoin legislation. He emphasized that this issue has won broad bipartisan support. Although the FIT21 bill has been successfully passed by the House of Representatives, Steil believes that in order to maintain legislative momentum and promote progress in the field of digital assets, the United States must "surpass other countries" and show stronger leadership and foresight.

Senator Bill Hagerty also proposed the "2025 United States Stablecoin National Innovation Guidance and Establishment Act" (GENIUS Act), which aims to bring crypto tokens pegged to the US dollar under the supervision of the Federal Reserve to define the responsibilities between the federal and state governments in regulating stablecoin issuers.

In general, the pace of cryptocurrency regulation in the United States is accelerating, which will not only help enhance market confidence, but also provide clearer guidance for industry development. I hope these efforts will make the cryptocurrency market healthier and more transparent!

💬 How much impact do you think the United States' accelerated stablecoin legislation will have on the cryptocurrency market? Will this bring major benefits to the cryptocurrency industry? Leave a message in the comment area to discuss!

#稳定币 #加密货币 #美国财政部 #FIT21 #GENIUS法案

BTC ETH Market Analysis: The Second Half of This Year is a Definitive Bull Market, Don't Exit!
Recently, there has been a lot of news, all in one pot!
1. First, the mainstream media's recent hot topic: The International Trade Court ruled against Trump's trade policies, stating that he abused presidential power and should stop his wrongdoing. Trump's team has started to fight back: appeals, verbal disputes, pulling back and forth, making headlines every day.
In my opinion, this is actually an opportunity! Because if the trade court wins, suspending Trump's comprehensive tariffs will be a positive development. Even if Trump wins, the negative impacts of his current tariff policies have already been digested in the past two months, and most importantly, the tariff issues with the EU and China have also eased.
2. Recently, the founder of Telegram has continuously released positive financing news, mentioning Musk's XAI and the TON token series riding the hype; after Musk, a veteran in the crypto space, refuted rumors of signing any agreements, TON directly turned down, and NOT dropped 30% in just three days.
I specifically wrote about TON on March 16; it has already cut ties with Telegram and its founder. The current price of TON is even lower than in March. Brother, do you see the problem? The project has made no progress in the last two months, still using the old hype strategy! The project team is indeed doing something, and what they are doing is tweeting to ride the hype, while you are paying their salaries.
3. Recently, the issue I care most about is related to stablecoin events.
First, the stablecoin bill. This could open up the ceiling for stablecoins in the crypto space and the global payment window.
The US has been talking big about supporting crypto but has never had any proper legal provisions, leading other countries that want to develop crypto to have no references and not daring to blindly push the crypto market. Once the stablecoin bill is passed, it will greatly increase the number of countries embracing crypto in the future.
Second, the US stablecoin issuer Circle.
It is going public, and I can say without exaggeration that this stock will be the hottest stock globally in the next six months, bar none! The world's top fund companies are scrambling for its shares, laying out stablecoin business.
The intention of the manipulators is already very clear; Circle's IPO is likely to be the first shot in the bull market of the crypto space in the second half of the year. A large number of continuing narratives are waiting behind!
As long as you are not afraid of dogs, you will definitely not be afraid of the dog manipulators! Brother, I am holding the dog manipulators waiting for you!
#加密市场回调 #美国加征关税 #GENIUS法案
$BTC $ETH $TON