On July 18, #山寨币突破 President Trump signed the "GENIUS Act," providing a clear regulatory framework for stablecoins, mandating asset backing and transparent reserve disclosure ([The Economic Times][1], [AP News][2], [New York Post][3]).

• This law is expected to clearly delineate regulatory pathways, enhance trust in payment and compliant assets, and institutional and multi-billion dollar funds may gradually begin to participate.