🚨【Breaking】On June 17, the Senate officially passed with 68 votes in favor and 30 against (with 18 Democrats voting in favor).
👉 This is the first cryptocurrency bill to reach this stage in history!
💬 What did US Treasury Secretary Janet Yellen say?
He directly declared:
"By 2030, the stablecoin market could reach $3.7 trillion."
Moreover, he believes the passage of the GENIUS bill makes this goal "more likely to be achieved" 📈
He also predicted:
📊 The stablecoin market will exceed $20 trillion by 2028,
💵 The demand for T-bills from this wave of stablecoin issuers could, in turn, help the US government reduce debt?!
🗳️ What's next? Will GENIUS become law before August?
The answer is: very likely!
Alex Thorn from Galaxy Research stated:
Trump is expected to sign it before August!
🧠 Industry leaders are speaking out:
David Sacks, a prominent figure in the Crypto and AI fields, praised Senator Bill Hagerty and Trump's push, stating:
"This bill will allow the dollar to dominate everything on the internet." 💪💻💵
Hagerty didn't hold back and added:
"Moving payments on-chain has improved efficiency and significantly reduced costs." 💡🔗
🏦 TradFi big shots can't sit still anymore:
JPMorgan has already tested their JPMD stablecoin on Ethereum's Base chain, aimed at institutional clients.
Bank of America is also considering launching its own digital dollar.
The long-established stablecoin giants USDT and USDC continue to hold the top positions.
📊 Let's take a look at the data from TRM Labs:
In Q1 2025, stablecoins account for 28% of total cryptocurrency transactions,
but they also account for 60% of illegal transactions.
This also explains why regulation must keep up!
TRM Policy Head Ari Redbord stated:
"The significance of the GENIUS bill is immense—it finally aligns consumer protection and financial regulation with the reality of innovation."
✅ To summarize:
The bill has passed the Senate ✅
Next, it will be coordinated with the House (STABLE bill)
Then we just wait for the president's signature, which could happen as soon as August! 🧾🖊️
The stablecoin sector is about to enter a great era of "regulatory clarity + capital explosion,"
Who will seize the opportunity next—TradFi or Web3 native players?
Stay tuned! 🚀🔥
DYOR, manage risks well, and may you all set sail in the crypto world! 🌊
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