Summary:
On June 17, 2025, the U.S. Congress officially passed the GENIUS Act – a revolutionary law aimed at establishing a clearer and more friendly legal framework for the blockchain and crypto industry.
Main content of the GENIUS Act:
1. Clear classification of digital assets:
Distinguishing crypto as a commodity or security based on actual use case and level of decentralization, helping to resolve disputes between the SEC and CFTC.
2. Protection for individual investors:
Increasing transparency requirements from new token projects, tightening regulations on pump/dump activities, and requiring exchanges to disclose clear risk information.
3. Support for innovation:
Blockchain startups are allowed to experiment in a 'legal sandbox' for 12–18 months before facing stricter regulations, fostering technological innovation.
4. Tax barrier reduction:
Exemption from small crypto transaction tax (under $200), facilitating the use of crypto in daily payments.
Impact on the market:
• Short-term positivity:
Immediately after the law was passed, BTC price surged past $108,000, the altcoin market turned green across the board, and capital flowed back into layer 1 tokens and potential Web3 projects in the U.S.
• Mid-term outlook:
The GENIUS Act may pave the way for a wave of 'blockchain technology repatriation' to the U.S., attracting investment and boosting global competition in the Web3 space.
Assessment:
The GENIUS Act is a clear sign that the U.S. does not want to fall behind in the global financial technology race. This is extremely positive news for the crypto market, especially in the context where many major countries remain hesitant. However, specific implementation will take time, and investors should remain cautious of short-term fomo.
