#GENIUS稳定币法案 🔥 U.S. Stablecoin 'Explosion': GENIUS Act Passed, Will the Trillion-Dollar Market Change?

💥 Historic Moment!

On June 17, the U.S. Senate passed the GENIUS Act with a vote of 68 to 30, marking the first time stablecoins are subjected to 'federal oversight'! This means that 'crypto cash' like USDT and USDC, which are pegged to the dollar, will no longer grow wildly and must be 100% backed by U.S. dollars or Treasury bonds, with monthly financial disclosures required.

🚨 Who Wins and Who Loses?

• Winners: Wall Street giants are smiling—JPMorgan quickly launched the 'JPMD' token, and Circle's stock surged by 5%. The Trump administration is also pleased, as U.S. Treasuries may see a new trillion-dollar buyer.

• Losers: Algorithmic stablecoins have been directly banned, and rogue issuers are completely finished.

⚠️ Hidden Secrets

The act requires stablecoin issuers to be able to 'freeze' suspicious transactions at the push of a button, which has been criticized as a 'U.S. government surveillance tool.' Even more shocking, if an issuer goes bankrupt, your stablecoins might only be redeemable for discounted U.S. Treasuries...

🌍 Global Chain Reaction

Hong Kong has just raced ahead to issue stablecoin licenses, and the U.S. is immediately 'making a big move.' This battle for digital dollar hegemony has only just begun!