Binance Square

GENIUS法案

41,263 views
29 Discussing
奔跑财经-FinaceRun
--
See original
The U.S. House of Representatives has passed 3 cryptocurrency bills, the GENIUS Act will officially be signed into effect tomorrow morning In the latest news, on Thursday local time, the U.S. House of Representatives passed 3 pieces of legislation related to cryptocurrency. These include the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance National Act. The passage of these bills brings much-anticipated regulatory certainty to the cryptocurrency industry. Among them, the GENIUS Act is expected to be formally signed into law by Trump on Friday local time. The GENIUS Act aims to provide a clear regulatory framework for dollar stablecoins, reduce compliance costs, and enhance user trust. The bill requires all stablecoin issuers to obtain federal or state-level licenses and hold dollar cash, bank deposits, or short-term U.S. Treasury bonds as reserves in a 1:1 ratio. Additionally, the CLARITY Act provides clear market rules for trading other digital assets, reduces regulatory uncertainty, lowers project compliance risks, and offers clearer legal boundaries for digital asset innovation. The Anti-CBDC Surveillance National Act legally prevents the U.S. from issuing a central bank digital currency, protects the existing cryptocurrency market space, avoids the competitive impact of government digital currencies on the decentralized finance ecosystem, and leaves more room for private sector digital assets to grow. According to Eleanor Terrett, the White House plans to hold a presidential signing ceremony for the GENIUS Act at 2 a.m. on the 19th, marking the imminent formal enactment of the bill. The passage and implementation of these legislations will have a profound impact on the cryptocurrency industry, providing a clearer regulatory framework and safeguards for stablecoins and digital asset trading within the industry. #加密货币立法 #GENIUS法案
The U.S. House of Representatives has passed 3 cryptocurrency bills, the GENIUS Act will officially be signed into effect tomorrow morning

In the latest news, on Thursday local time, the U.S. House of Representatives passed 3 pieces of legislation related to cryptocurrency. These include the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance National Act.

The passage of these bills brings much-anticipated regulatory certainty to the cryptocurrency industry. Among them, the GENIUS Act is expected to be formally signed into law by Trump on Friday local time.

The GENIUS Act aims to provide a clear regulatory framework for dollar stablecoins, reduce compliance costs, and enhance user trust. The bill requires all stablecoin issuers to obtain federal or state-level licenses and hold dollar cash, bank deposits, or short-term U.S. Treasury bonds as reserves in a 1:1 ratio.

Additionally, the CLARITY Act provides clear market rules for trading other digital assets, reduces regulatory uncertainty, lowers project compliance risks, and offers clearer legal boundaries for digital asset innovation.

The Anti-CBDC Surveillance National Act legally prevents the U.S. from issuing a central bank digital currency, protects the existing cryptocurrency market space, avoids the competitive impact of government digital currencies on the decentralized finance ecosystem, and leaves more room for private sector digital assets to grow.

According to Eleanor Terrett, the White House plans to hold a presidential signing ceremony for the GENIUS Act at 2 a.m. on the 19th, marking the imminent formal enactment of the bill.

The passage and implementation of these legislations will have a profound impact on the cryptocurrency industry, providing a clearer regulatory framework and safeguards for stablecoins and digital asset trading within the industry.

#加密货币立法 #GENIUS法案
See original
Trump Praises Bitcoin 'Explanation' Testimony, Suggesting the U.S. May Strengthen Cryptocurrency Strategic Reserves? On July 21, Trump shared a landmark Bitcoin video on the Truth Social platform, sparking widespread speculation about his cryptocurrency policy. The video features testimony by Peter Van Valkenburgh, research director of Coin Center, at a Senate hearing in 2018, which Trump praised as 'the greatest Bitcoin explanation of all time.' In the video, Valkenburgh defines Bitcoin as 'the world's first public digital payment infrastructure,' emphasizing its significant importance as a breakthrough in computer science, and believes its impact on human freedom is comparable to the birth of the internet. This statement comes at a critical moment following the key timeline set by Executive Order 14178, signed by Trump earlier this year. This executive order requires the digital assets working group to submit cryptocurrency legislative proposals within 180 days, with the report set to be released on July 22. Additionally, according to reports circulating on the X platform, the upcoming document will disclose the federal government's Bitcoin holdings and include them in the strategic reserves under the March 7 executive order. The document is also expected to propose a 'budget-neutral' plan to expand reserves without increasing taxpayers' additional tax burden. Moreover, the Trump administration has been active in the cryptocurrency field recently. Not only has it signed the first federal regulation on stablecoins, the 'GENIUS Act,' but the House is also advancing the 'CLARITY Act' and the 'Anti-CBDC Surveillance National Act,' with these initiatives aimed at collectively shaping a new framework for U.S. cryptocurrency regulation. In summary, Trump's high-profile endorsement of classic Bitcoin discourse on the eve of a key policy report is no coincidence. This is both a continuation of his March 'ban on the sale of strategic reserves' policy and suggests that the U.S. may incorporate Bitcoin into the top-level design of its national digital financial infrastructure. At the same time, with the implementation of the 'GENIUS Act' and the CFTC's expanded powers, a blueprint for U.S. crypto hegemony composed of 'Bitcoin reserves + stablecoin system' is gradually becoming clear. However, whether the U.S. government will hold Bitcoin long-term or only use it as a transitional tool will also impact the global competitive landscape of digital currencies. #特朗普 #比特币战略储备 #GENIUS法案
Trump Praises Bitcoin 'Explanation' Testimony, Suggesting the U.S. May Strengthen Cryptocurrency Strategic Reserves?

On July 21, Trump shared a landmark Bitcoin video on the Truth Social platform, sparking widespread speculation about his cryptocurrency policy.

The video features testimony by Peter Van Valkenburgh, research director of Coin Center, at a Senate hearing in 2018, which Trump praised as 'the greatest Bitcoin explanation of all time.'

In the video, Valkenburgh defines Bitcoin as 'the world's first public digital payment infrastructure,' emphasizing its significant importance as a breakthrough in computer science, and believes its impact on human freedom is comparable to the birth of the internet.

This statement comes at a critical moment following the key timeline set by Executive Order 14178, signed by Trump earlier this year. This executive order requires the digital assets working group to submit cryptocurrency legislative proposals within 180 days, with the report set to be released on July 22.

Additionally, according to reports circulating on the X platform, the upcoming document will disclose the federal government's Bitcoin holdings and include them in the strategic reserves under the March 7 executive order. The document is also expected to propose a 'budget-neutral' plan to expand reserves without increasing taxpayers' additional tax burden.

Moreover, the Trump administration has been active in the cryptocurrency field recently. Not only has it signed the first federal regulation on stablecoins, the 'GENIUS Act,' but the House is also advancing the 'CLARITY Act' and the 'Anti-CBDC Surveillance National Act,' with these initiatives aimed at collectively shaping a new framework for U.S. cryptocurrency regulation.

In summary, Trump's high-profile endorsement of classic Bitcoin discourse on the eve of a key policy report is no coincidence. This is both a continuation of his March 'ban on the sale of strategic reserves' policy and suggests that the U.S. may incorporate Bitcoin into the top-level design of its national digital financial infrastructure.

At the same time, with the implementation of the 'GENIUS Act' and the CFTC's expanded powers, a blueprint for U.S. crypto hegemony composed of 'Bitcoin reserves + stablecoin system' is gradually becoming clear.

However, whether the U.S. government will hold Bitcoin long-term or only use it as a transitional tool will also impact the global competitive landscape of digital currencies.

#特朗普 #比特币战略储备 #GENIUS法案
See original
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
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
See original
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 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
See original
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.
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.
See original
U.S. House Rejects the GENIUS Act, Absence of CBDC Ban Becomes Key Obstacle On July 17, during the highly anticipated 'Cryptocurrency Week,' the U.S. House of Representatives voted to reject the GENIUS Act. This outcome surprised the market, as the bill was seen as a crucial step toward clearer regulation of stablecoins. It was widely expected that the bill would pass alongside two other cryptocurrency-related bills. The main opposition came from Republican lawmakers, particularly Congresswoman Marjorie Taylor Greene. She explicitly stated after the vote that her opposition was due to the bill's failure to include a provision banning central bank digital currencies (CBDCs). Greene emphasized that Americans are unwilling to accept a government-controlled digital dollar, and Republicans have a responsibility to defend financial freedom and privacy. She criticized Speaker Mike Johnson for not allowing lawmakers to propose amendments to the bill. This event highlights the divisions within the U.S. regarding cryptocurrency regulation, particularly the controversy surrounding CBDCs, which has become a key dividing line. Critics view CBDCs as a symbol of government overreach and a threat to personal financial privacy, concerns that are widely held among conservatives. Despite the bill's failure to pass, President Trump remains optimistic, hinting on social media that there is still room for advancement. He stated that after a brief consultation with the lawmakers needed for the GENIUS Act (11 out of 12 Congress members), they all agreed to vote in favor of the rule the following morning. Meanwhile, market data also reflects a change in risk appetite. The dominance of stablecoins in the cryptocurrency market has fallen to 7.08%, significantly down from previous highs, and has broken below key moving averages. This indicates that capital is shifting from stablecoins to more volatile assets like Bitcoin and Ethereum, which are typically seen as signals of restored market confidence and increased risk appetite. Overall, despite the total supply of stablecoins continuing to increase, the decline in their dominance is viewed as a macro positive, suggesting that liquidity is flowing into the market, providing support for potential upward movements in the future. What are your thoughts on the rejection of the GENIUS Act? Do you think a CBDC ban is necessary? What insights do you have regarding the current changes in risk appetite within the cryptocurrency market? #加密货币 #GENIUS法案 #CBDC #稳定币
U.S. House Rejects the GENIUS Act, Absence of CBDC Ban Becomes Key Obstacle

On July 17, during the highly anticipated 'Cryptocurrency Week,' the U.S. House of Representatives voted to reject the GENIUS Act. This outcome surprised the market, as the bill was seen as a crucial step toward clearer regulation of stablecoins. It was widely expected that the bill would pass alongside two other cryptocurrency-related bills.

The main opposition came from Republican lawmakers, particularly Congresswoman Marjorie Taylor Greene. She explicitly stated after the vote that her opposition was due to the bill's failure to include a provision banning central bank digital currencies (CBDCs).

Greene emphasized that Americans are unwilling to accept a government-controlled digital dollar, and Republicans have a responsibility to defend financial freedom and privacy. She criticized Speaker Mike Johnson for not allowing lawmakers to propose amendments to the bill.

This event highlights the divisions within the U.S. regarding cryptocurrency regulation, particularly the controversy surrounding CBDCs, which has become a key dividing line. Critics view CBDCs as a symbol of government overreach and a threat to personal financial privacy, concerns that are widely held among conservatives.

Despite the bill's failure to pass, President Trump remains optimistic, hinting on social media that there is still room for advancement. He stated that after a brief consultation with the lawmakers needed for the GENIUS Act (11 out of 12 Congress members), they all agreed to vote in favor of the rule the following morning.

Meanwhile, market data also reflects a change in risk appetite. The dominance of stablecoins in the cryptocurrency market has fallen to 7.08%, significantly down from previous highs, and has broken below key moving averages. This indicates that capital is shifting from stablecoins to more volatile assets like Bitcoin and Ethereum, which are typically seen as signals of restored market confidence and increased risk appetite.

Overall, despite the total supply of stablecoins continuing to increase, the decline in their dominance is viewed as a macro positive, suggesting that liquidity is flowing into the market, providing support for potential upward movements in the future.

What are your thoughts on the rejection of the GENIUS Act? Do you think a CBDC ban is necessary? What insights do you have regarding the current changes in risk appetite within the cryptocurrency market?

#加密货币 #GENIUS法案 #CBDC #稳定币
See original
Trump Signs the GENIUS Act, Marking the First Federal Cryptocurrency Legislation in the United States On July 19, President Donald Trump officially signed the "Guidance and Establishment of the U.S. Stablecoin National Innovation Act," known as the "GENIUS Act," becoming the first federal legislation on cryptocurrency regulation in U.S. history to take effect. It is noteworthy that this landmark legislation brings unprecedented changes to the stablecoin industry. The act not only establishes a national regulatory framework for stablecoins in the U.S. for the first time but also signifies that stablecoins are moving from a gray area to the edge of the mainstream financial system. The passage of the GENIUS Act is attributed to bipartisan consensus, receiving support from nearly half of Democratic lawmakers and the vast majority of Republican lawmakers. At the signing ceremony, Trump emphasized that this is an affirmation of the spirit of innovation, reinforcing the position of the dollar and benefiting the nation and its people. The new law requires stablecoin issuers to fully back their coins with high liquidity assets such as U.S. dollars and short-term Treasury bonds, and to publicly disclose their asset composition on a monthly basis. This transparent regulation will enhance market trust and encourage broader adoption of stablecoins by banks, retailers, and consumers. This legislation not only has a profound impact on the U.S. cryptocurrency industry but has also sparked widespread discussion globally. Major financial centers like Hong Kong and the European Union are also accelerating their efforts in the stablecoin sector, reshaping the global stablecoin landscape. However, the act faces some criticisms, such as not restricting tech giants from issuing their own stablecoins, which may exacerbate monopolistic risks in the industry, as well as concerns about insufficient anti-money laundering measures. Overall, the signing of the GENIUS Act injects legitimacy into the stablecoin industry, paves the way for digital assets to become everyday payment tools, and also triggers extensive discussions on future market competition and regulatory directions. #GENIUS法案 #特朗普 #稳定币
Trump Signs the GENIUS Act, Marking the First Federal Cryptocurrency Legislation in the United States

On July 19, President Donald Trump officially signed the "Guidance and Establishment of the U.S. Stablecoin National Innovation Act," known as the "GENIUS Act," becoming the first federal legislation on cryptocurrency regulation in U.S. history to take effect.

It is noteworthy that this landmark legislation brings unprecedented changes to the stablecoin industry. The act not only establishes a national regulatory framework for stablecoins in the U.S. for the first time but also signifies that stablecoins are moving from a gray area to the edge of the mainstream financial system.

The passage of the GENIUS Act is attributed to bipartisan consensus, receiving support from nearly half of Democratic lawmakers and the vast majority of Republican lawmakers. At the signing ceremony, Trump emphasized that this is an affirmation of the spirit of innovation, reinforcing the position of the dollar and benefiting the nation and its people.

The new law requires stablecoin issuers to fully back their coins with high liquidity assets such as U.S. dollars and short-term Treasury bonds, and to publicly disclose their asset composition on a monthly basis. This transparent regulation will enhance market trust and encourage broader adoption of stablecoins by banks, retailers, and consumers.

This legislation not only has a profound impact on the U.S. cryptocurrency industry but has also sparked widespread discussion globally. Major financial centers like Hong Kong and the European Union are also accelerating their efforts in the stablecoin sector, reshaping the global stablecoin landscape. However, the act faces some criticisms, such as not restricting tech giants from issuing their own stablecoins, which may exacerbate monopolistic risks in the industry, as well as concerns about insufficient anti-money laundering measures.

Overall, the signing of the GENIUS Act injects legitimacy into the stablecoin industry, paves the way for digital assets to become everyday payment tools, and also triggers extensive discussions on future market competition and regulatory directions.

#GENIUS法案 #特朗普 #稳定币
See original
See original
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
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
See original
U.S. Congresswoman Marjorie Taylor Greene believes that the GENIUS stablecoin bill, under the guise of regulating stablecoins, is actually planting a 'Trojan Horse' for the government to create a central bank digital currency. She also stated that the Federal Reserve has long wanted to implement a CBDC, which would lead to a cashless society, where the government might control everyone's transactions through digital currency. #GENIUS法案
U.S. Congresswoman Marjorie Taylor Greene believes that the GENIUS stablecoin bill, under the guise of regulating stablecoins, is actually planting a 'Trojan Horse' for the government to create a central bank digital currency. She also stated that the Federal Reserve has long wanted to implement a CBDC, which would lead to a cashless society, where the government might control everyone's transactions through digital currency. #GENIUS法案
See original
Regulatory clarity may encourage institutional growth in the USDC stablecoin market(GENIUS Act) officially passed, the wave of institutional stablecoins has fully erupted, with market capitalization soaring to $264 billion! With the United States passing the landmark (GENIUS Act), the stablecoin market is experiencing an unprecedented structural shift. This act provides clear federal regulations for banks, asset management companies, and crypto enterprises, promoting the compliance of fiat-backed stablecoins and attracting a large number of institutions. Regulatory clarity stimulates market enthusiasm, leading to a surge in stablecoin market capitalization According to Coinotag reports, the market capitalization of stablecoins has increased by nearly $4 billion in a short time, exceeding $264 billion, highlighting strong interest from capital in the compliant stablecoin sector.

Regulatory clarity may encourage institutional growth in the USDC stablecoin market

(GENIUS Act) officially passed, the wave of institutional stablecoins has fully erupted, with market capitalization soaring to $264 billion!
With the United States passing the landmark (GENIUS Act), the stablecoin market is experiencing an unprecedented structural shift. This act provides clear federal regulations for banks, asset management companies, and crypto enterprises, promoting the compliance of fiat-backed stablecoins and attracting a large number of institutions.
Regulatory clarity stimulates market enthusiasm, leading to a surge in stablecoin market capitalization
According to Coinotag reports, the market capitalization of stablecoins has increased by nearly $4 billion in a short time, exceeding $264 billion, highlighting strong interest from capital in the compliant stablecoin sector.
See original
See original
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
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
See original
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
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
See original
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
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
See original
The U.S. House of Representatives Passed a Procedural Motion to Restart Consideration of the GENIUS Act and Cryptocurrency Bills On July 16 local time, the U.S. House of Representatives passed a procedural motion with a vote of 215 in favor and 211 against, calling for the reconsideration of a proposal related to cryptocurrencies that includes the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance Act. This motion also provides a 'second chance' for the consideration of this series of bills. The background of this event is that the day before (July 15), House leaders attempted to bundle the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance Act with the annual defense appropriations into a single package to advance the legislation. However, this attempt encountered resistance, and the bundling proposal was ultimately rejected. Libertarians and members of the House Freedom Caucus opposed this bundling approach, calling for separate debates and votes on each bill. Some representatives sought to completely ban Central Bank Digital Currency (CBDC) in the U.S. and considered the CLARITY Act equally important, urging opponents to 'immediately address this issue'. Despite the initial attempt failing, the matter is not entirely over. On July 16 local time, the House passed the procedural motion to re-bundle the three bills by a margin of 4 votes, but since the motion itself does not constitute formal statutory provisions, it will not be directly submitted to the President for signing. Next, the leaders of the House and Senate will face various options: they can handle these bills separately, incorporate them into other ongoing legislative projects, or choose to draft a new merged bill that both chambers can accept for final submission to the President. Regardless of the path chosen, the core objective is to transform these bills into promulgable legislation so that they can effectively come into force. Overall, this process will determine the final fate of these cryptocurrency-related bills, and its outcome will have a profound impact on the direction of U.S. policy in the digital asset space. #美国众议院 #加密法案 #GENIUS法案
The U.S. House of Representatives Passed a Procedural Motion to Restart Consideration of the GENIUS Act and Cryptocurrency Bills

On July 16 local time, the U.S. House of Representatives passed a procedural motion with a vote of 215 in favor and 211 against, calling for the reconsideration of a proposal related to cryptocurrencies that includes the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance Act. This motion also provides a 'second chance' for the consideration of this series of bills.

The background of this event is that the day before (July 15), House leaders attempted to bundle the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance Act with the annual defense appropriations into a single package to advance the legislation. However, this attempt encountered resistance, and the bundling proposal was ultimately rejected.

Libertarians and members of the House Freedom Caucus opposed this bundling approach, calling for separate debates and votes on each bill. Some representatives sought to completely ban Central Bank Digital Currency (CBDC) in the U.S. and considered the CLARITY Act equally important, urging opponents to 'immediately address this issue'.

Despite the initial attempt failing, the matter is not entirely over. On July 16 local time, the House passed the procedural motion to re-bundle the three bills by a margin of 4 votes, but since the motion itself does not constitute formal statutory provisions, it will not be directly submitted to the President for signing.

Next, the leaders of the House and Senate will face various options: they can handle these bills separately, incorporate them into other ongoing legislative projects, or choose to draft a new merged bill that both chambers can accept for final submission to the President. Regardless of the path chosen, the core objective is to transform these bills into promulgable legislation so that they can effectively come into force.

Overall, this process will determine the final fate of these cryptocurrency-related bills, and its outcome will have a profound impact on the direction of U.S. policy in the digital asset space.

#美国众议院 #加密法案 #GENIUS法案
--
Bullish
See original
【Historic Breakthrough】Trump Officially Signs the GENIUS Act! The United States Enters the "Era of Stablecoin Sovereignty", the Crypto Industry Welcomes a Nuclear-Level Transformation 🚨 🔥 Core of the Event: A "Digital Constitution" that Rewrites Financial Rules is Implemented Presidential Signature + Witness from Giants: On July 18, Trump signed the "GENIUS Act" (full name: "Guidance and Establishment of the National Innovation Act for US Stablecoins") at the White House, with founders from over 30 crypto giants including Coinbase, Circle, and Tether standing together; the act passed with overwhelming bipartisan support in Congress (Senate 68-30, House 308-122), ending a decade of regulatory gray area for stablecoins. Core Provisions: ✅ 100% Reserve Rigid Requirement: Issuers must fully collateralize with high liquidity assets such as US dollars and short-term US Treasury bonds, banning algorithmic stablecoins (directly eliminating the Terra-style collapse loophole); ✅ Monthly Mandatory Audits + Transparent Disclosure: Reserve composition must be public to prevent transparency issues like those concerning Tether (USDT); ✅ Strengthening the "Dollar Hegemony" Strategy: Treasury Secretary Basant stated that the act will stimulate global demand for US Treasuries and promote dollar stablecoins as a core tool for "digital dollarization." 💥 Industry Shockwave: Who are the Big Winners? Who are the Outsiders? ✅ Winning Camp Traditional Financial Giants: JPMorgan, Citigroup, and Bank of America have announced the issuance of their own stablecoins, with Visa’s quarterly stablecoin settlement volume surging by 240%; Compliance Leaders: Circle (issuer of USDC) saw its stock price soar 500% since its June IPO, eyeing a market cap of hundreds of billions; Coinbase recorded historical user growth in a single week; Retail Payment Revolutionaries: Amazon and Walmart have been authorized to issue stablecoins, reducing cross-border payment costs to 1/100 of traditional settlements. 💎 Action Guide: How Can Ordinary People Seize This Historic Opportunity? Focus on the US Treasury Demand Chain: Stablecoin issuers purchase an additional $50-80 billion in US Treasuries each year, Treasury ETFs (such as TLT) may see long-term support; Beware of "Compliance Bubble": BTC volatility has dropped to its lowest level since 2020, but institutional dominance may squeeze retail profit margins; Defensive Allocation: Hold transparent stablecoins like USDC and PYUSD, and stay away from smaller coins with undisclosed reserves. #稳定币新时代 #GENIUS法案 #加密监管革命 #区块链金融 #WalletConnect @WalletConnect $WCT
【Historic Breakthrough】Trump Officially Signs the GENIUS Act! The United States Enters the "Era of Stablecoin Sovereignty", the Crypto Industry Welcomes a Nuclear-Level Transformation 🚨
🔥 Core of the Event: A "Digital Constitution" that Rewrites Financial Rules is Implemented
Presidential Signature + Witness from Giants: On July 18, Trump signed the "GENIUS Act" (full name: "Guidance and Establishment of the National Innovation Act for US Stablecoins") at the White House, with founders from over 30 crypto giants including Coinbase, Circle, and Tether standing together; the act passed with overwhelming bipartisan support in Congress (Senate 68-30, House 308-122), ending a decade of regulatory gray area for stablecoins.
Core Provisions:
✅ 100% Reserve Rigid Requirement: Issuers must fully collateralize with high liquidity assets such as US dollars and short-term US Treasury bonds, banning algorithmic stablecoins (directly eliminating the Terra-style collapse loophole);
✅ Monthly Mandatory Audits + Transparent Disclosure: Reserve composition must be public to prevent transparency issues like those concerning Tether (USDT);
✅ Strengthening the "Dollar Hegemony" Strategy: Treasury Secretary Basant stated that the act will stimulate global demand for US Treasuries and promote dollar stablecoins as a core tool for "digital dollarization."
💥 Industry Shockwave: Who are the Big Winners? Who are the Outsiders?
✅ Winning Camp
Traditional Financial Giants: JPMorgan, Citigroup, and Bank of America have announced the issuance of their own stablecoins, with Visa’s quarterly stablecoin settlement volume surging by 240%;
Compliance Leaders: Circle (issuer of USDC) saw its stock price soar 500% since its June IPO, eyeing a market cap of hundreds of billions; Coinbase recorded historical user growth in a single week;
Retail Payment Revolutionaries: Amazon and Walmart have been authorized to issue stablecoins, reducing cross-border payment costs to 1/100 of traditional settlements.
💎 Action Guide: How Can Ordinary People Seize This Historic Opportunity?
Focus on the US Treasury Demand Chain: Stablecoin issuers purchase an additional $50-80 billion in US Treasuries each year, Treasury ETFs (such as TLT) may see long-term support;
Beware of "Compliance Bubble": BTC volatility has dropped to its lowest level since 2020, but institutional dominance may squeeze retail profit margins;
Defensive Allocation: Hold transparent stablecoins like USDC and PYUSD, and stay away from smaller coins with undisclosed reserves.
#稳定币新时代 #GENIUS法案 #加密监管革命 #区块链金融 #WalletConnect @WalletConnect $WCT
Login to explore more contents
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number