#加密立法新纪元 According to CCTV News, Trump officially signed the "Guidance and Establishment of the U.S. Stablecoin National Innovation Act" (referred to as the "Genius Act") in the White House, marking the first establishment of a stablecoin regulatory framework in the United States. Trump stated that stablecoins help to increase demand for U.S. Treasury bonds, lower interest rates, and reinforce the dollar's status as the global reserve currency. He reiterated that "there will never be a central bank digital currency established in the U.S."

The "Genius Act" requires stablecoins to be backed by liquid assets such as U.S. dollars or U.S. short-term Treasury bonds, and issuers must disclose reserve details monthly. Currently, the two largest stablecoins, USDT and USDC, account for nearly 90% of the total market capitalization. Statistics show that the stablecoin market size is approximately $247 billion, and U.S. Treasury Secretary Basent expects it to grow to $3.7 trillion by 2030.

Experts point out that the U.S. push for stablecoins aims to leverage the existing advantages of the dollar to maintain its dominant position in the global monetary and payment system, with some opinions suggesting that this move could alleviate pressure on U.S. debt. However, some Democratic lawmakers question the bill's failure to provide adequate consumer and financial stability protections, and point out connections between the Trump family and cryptocurrencies. Some Republican lawmakers also believe that the bill conflicts with Trump's previous executive order banning central bank digital currencies.