Blockchain News Quick Read 2025-06-22

1. The United States Passes First Federal Stablecoin Bill

The U.S. Senate passed the GENIUS Act with a vote of 68 to 30, requiring stablecoin issuers to fully back their coins with U.S. dollars or equivalent liquid assets, and projects with a market value exceeding $50 billion must undergo annual audits. The bill has been submitted to the House of Representatives for review.

Texas Establishes Bitcoin Strategic Reserve Fund: The governor signed SB21, allowing the government to purchase cryptocurrency assets worth over $600 billion (currently only Bitcoin qualifies) using surplus funds, making it the third state in the U.S. to establish such a reserve.

2. Asian Countries Accelerate Legislation

Vietnam: The National Assembly passed the Digital Technology Industry Law, categorizing cryptocurrency assets into 'virtual assets' and 'crypto assets' for the first time, and clarifying anti-money laundering requirements, effective January 2026.

Thailand: The SEC has initiated public consultations on new regulations, proposing to allow exchanges to list utility tokens with actual use cases, while also strengthening information disclosure requirements.

3. China's Central Bank Comments on Stablecoins for the First Time

Governor Pan Gongsheng pointed out at the Lujiazui Forum that blockchain technology is driving the development of central bank digital currencies and stablecoins, reshaping the cross-border payment system, but challenges in financial regulation must be addressed; Zhou Xiaochuan warned that U.S. dollar stablecoins could reinforce the risk of 'dollarization'. $BTC $ETH #区块链