Regulatory implementation is not the end, but a new starting point for the crypto market!

Brothers, the U.S. 'GENIUS Stablecoin Act' has finally made a key step forward! The Senate passed it with a vote of 66:32, and USDC is smiling broadly, while Tether has to peel back a layer—60% of U.S. Treasury reserves seem compliant, but the anonymous trading part needs a complete overhaul; otherwise, it will be kicked out of the U.S. market sooner or later.

Personally, I am most optimistic about USDC; Circle is fully compliant this time, and institutional funds will definitely flood in. Over on the DeFi side, Curve and Uniswap's fee income will rise again, as stablecoin trading accounts for 30%! However, algorithmic stablecoins (like UST) are doomed; those without physical reserves shouldn't even think about playing anymore.

Risks are also clear—Trump's USD1 project has been questioned for potential benefit transfer, and if the bill opens a backdoor for him, that would be disgusting. Also, Tether buying U.S. Treasuries theoretically can increase demand for government bonds, but it could also create inflation risks...

Are you looking to position yourself? Keep an eye on three points:

Compliant stablecoins (USDC), U.S. Treasury RWA (MKR); BTC/ETH spot, backed by institutional buying; Avoid anonymous DeFi, the times have changed!

If stablecoins become fully compliant, which sector do you think will be next under regulation? See you in the comments! Follow me for the next breakdown of how to learn from Hong Kong's stablecoin regulations! $BTC #美国CLARITY法案