"Why is the bill that once vetoed to stop Trump now being rushed forward?"
"Under the banner of regulation, is this time about protecting the market or a political game of chess?"
The U.S. Senate's 'release' of stablecoins is definitely not an ordinary legislative process; it is a profound hint at the entire Crypto landscape.
[Situation Change: The GENIUS Act is Back on Track]
On May 20, the U.S. Senate passed a key procedural vote with 66 votes in favor and 32 against, opening the door to formal debate on the (Guiding and Establishing the U.S. Stablecoin National Innovation Act) (GENIUS Act).
This act aims to regulate the current stablecoin market, which has a market value of nearly $250 billion, directly targeting the two main camps dominated by Tether and Circle: USDT and USDC.
Just two weeks ago, the GENIUS Act was 'paused' due to opposition from several Democratic senators—the reason was straightforward: 'concerns over the Trump family's conflicts of interest in the crypto space.'
But just after the bill was briefly shelved, the political arena suddenly 'turned directions'. After modifications, this bill, which was originally stalled due to party opposition, surprisingly gained enough bipartisan support. Behind this is not only anxiety about the development of stablecoins, but also a reassessment of crypto positions in the election year.
[GENIUS Act: Surface Regulation, but Essentially a Decision]
The core content of the GENIUS Act focuses on the regulatory framework for stablecoins:
Must obtain 'sufficient support'—which means that every issued stablecoin must be backed by real assets;
Accept regular audits—strengthening the transparency and compliance of stablecoin issuers;
Federal/state regulatory licensing system—not everyone can issue stablecoins; the entry threshold will be significantly raised;
Restrict algorithmic stablecoins—establishing a 'firewall' against 'collapse-type' projects like Luna.
It is clear that this is not just a regulatory action for financial tools, but a significant move to reshape the entire Crypto infrastructure's 'access criteria'. In the future, 'who can legally issue coins and who can survive in the U.S. market' will be written into the legal framework.
[Politics, Finance, and Technology: The Triangular Game Unfolds]
The advancement of the GENIUS Act is not merely about technical regulation, but also a battle for political capital and market discourse power.
The Democrats' previous opposition stemmed from a 'sniping' of Trump's crypto empire. They feared that loosening stablecoin regulations would provide development opportunities for Trump's crypto interests.
The bill's re-promotion indicates that the political arena is trying to seize the 'licensing power' before the market's self-expansion.
This means that stablecoins may enter a brand new cycle in the future: institutionalization, auditing, and compliance. Under this new trend, grassroots players and early projects will face higher survival thresholds.
[How should ordinary users respond?]
In the face of the accelerated 'legalization process' of stablecoins, the most dangerous aspect is not compliance, but information asymmetry.
Policy details, legislative dynamics, and potential impacts are rapidly evolving, leaving less and less time for retail investors to react.
At this point, relying on Twitter and group chats to judge the situation is like a blind person driving; what you miss is not just the red light, but the intersection as well.
To seize the initiative in information and identify opportunities and risks brought by policy trends, one must use an all-in-one investment research assistant like Mlion.ai that combines policy tracking, on-chain monitoring, price prediction, and AI research reports.
For example:
After the bill is passed, which stablecoin projects are more likely to receive compliance support?
Which on-chain assets will see capital inflows due to 'compliance preference'?
Will the decline of algorithmic stablecoins lead to the rise of compliant currencies like USDC?
These trends cannot be analyzed in time by human efforts alone. However, Mlion.ai combines on-chain data, policy trends, and social sentiment to help you achieve comprehensive interpretations at the first moment, allowing you to stay ahead of large capital and make smarter choices.
The future crypto market is no longer an era of 'barbaric expansion', but a stage where 'rule makers' win everything. Do you want to be the retail investor who goes with the flow, or the pioneer who uses AI tools to make precise layouts before the wave comes?
Don't be a 'passive spectator' in the flood of information; use Mlion.ai to actively engage from a position of trend.
The above content is for information sharing only and does not constitute any investment advice!