Smart: The United States successfully landed on the shore using stablecoins!
The U.S. House of Representatives passed three bills involving digital currencies, namely the GENIUS Act, the GLARITY Act, and the CBDC ban, which correspond to the stablecoin issuance rules, the digital asset supervision bill, and the bill prohibiting the central bank (Federal Reserve) from issuing digital currencies.
1. The GENIUS Act: requires issuing companies to use US dollars or short-term US bonds as collateral. Under this model, short-term US bonds will become a hot commodity. Choosing US bonds as collateral can not only obtain treasury bond income, but also use stablecoins to collect handling fees. Users can exchange US dollars for stablecoins. According to market estimates, Amazon alone may purchase US bonds on a scale of up to 2 trillion.
2. The GLARITY Act: Remove stablecoins (cryptocurrencies) from the strict supervision of the U.S. Securities and Exchange Commission (SEC) and place them under the supervision of the U.S. Commodity Futures Trading Commission (CFTC). This is equivalent to turning stablecoins into a circulating commodity, accelerating the issuance of stablecoins, and increasing the demand for short-term US treasury bonds and the cost of issuing treasury bonds in disguise.
3. CBDC ban: The ban bill explicitly prohibits the possibility of the Federal Reserve issuing digital currency, which is equivalent to weakening the Federal Reserve and giving up the entire digital currency trading market to stablecoins, supporting the scale of stablecoin issuance in disguise, and also to increase the scale of US Treasury bond issuance.
4. Summary: This is a US financial conspiracy. It uses the US Internet hegemony and futures trading scale to once again strengthen the status of the US dollar, and unite ordinary people around the world to buy US bonds, and transfer all US bond risks to those who hold stablecoins. The United States successfully landed.