#加密立法新纪元 The three pieces of legislation passed during the United States' 'Cryptocurrency Week' mark a substantial implementation of the cryptocurrency regulatory framework, opening a new era of global cryptocurrency legislation that will profoundly influence the direction of the industry.

'Guidance and Establishment of the National Innovation Act for Stablecoins in the United States'

(‘Genius Act’), requires stablecoin issuers to obtain federal or state-level licenses, holding USD cash, bank deposits, or short-term U.S. Treasury bonds in a 1:1 ratio as reserves, enhancing the security of funds, incorporating digital assets into the U.S. sovereign credit system, solidifying the dollar's hegemony in the digital age, creating demand for U.S. debt, and helping to alleviate the debt crisis.