Here are some updated resources and insights on stablecoin regulation—especially the GENIUS Act—and Binance's perspective:
🏛️ Latest on U.S. Stablecoin Law (GENIUS Act)
Overview: On July 17, 2025, the U.S. House passed the “Guiding and Establishing National Innovation for U.S. Stablecoins” (GENIUS Act), after Senate approval on June 17. It was signed into law by President Trump on July 18, 2025 Goodwin Law Firm+15Wikipedia+15Binance+15.
Key Provisions:
100% backing: Stablecoins must be fully reserved in U.S. dollars or low-risk assets, with mandatory monthly public transparency Wikipedia+3Binance+3Binance+3.
No yield-bearing tokens: It outlaws interest-generating stablecoins, directing savers toward DeFi for yield opportunities Binance.
Consumer and stability safeguards: Mandates anti-money-laundering protocols, redemptions, and consumer-oriented reserve audits MarketWatch+1Morningstar+1.
Market fairness: Issuers must form independent legal entities—curbing large banks or tech giants from dominating Binance+1Binance+1.
📈 Industry & Market Impact
Crypto endorsement: Proponents view it as a shift toward mainstream crypto use in payments—supported by major fintechs and banks MarketWatch.
Market reaction: DeFi assets, especially Ethereum-based platforms, saw increased demand due to the ban on interest-yield stablecoins Wikipedia+5Binance+5Binance+5.
Consumer concerns: Some groups argue it lacks sufficient consumer protection and still allows large players to benefit, calling for more robust oversight The New Yorker.
🏦 Binance's Take
Editorial summary: A Binance-published article titled “GENIUS Act Aims to Regulate Stablecoin Market Dominance” highlights provisions preventing big banks or tech from monopolizing the stablecoin space. Issuers must create legally independent entities with clean balance sheets TIME+14Binance+14Binance+14.
Binance also highlights:
Clarity and legitimacy for existing major stablecoins like USDC and USDT due to stricter reserve and audit rules Binance+1Binance+1.
Potential boost to Ethereum & DeFi demand since stablecoin returns are restricted Binance.
🧩 Binance & Trump Links
Ethical scrutiny: Links between Binance and Trump-affiliated World Liberty Financial—creator of the USD1 stablecoin—have drawn criticism. A $2 billion investment by an Emirati fund into Binance via the Trump venture raised concerns of conflicts of interest WIRED+6The New Yorker+6The Guardian+6.
Regulatory leverage: Binance is reportedly seeking relaxed U.S. oversight as part of broader negotiations with Trump’s circle AP News+4The Wall Street Journal+4TIME+4.
🔍 Summary Takeaway
The GENIUS Act sets a landmark U.S. regulatory framework for stablecoins: full reserves, transparency, consumer protections, and fair market access. Binance emphasizes the antitrust and stability aspects, while critics flag potential conflicts and question whether the law sufficiently guards consumers. For DeFi players, restrictions on yield-bearing stablecoins may represent a net positive. Binance’s close involvement with Trump-connected ventures adds a complex political layer.
Would you like a deeper dive into Binance’s full article, analysis of its legal implications, or comparisons with EU’s MiCA? Let me know!
Stablecoin regulation & Binance commentary

The Daily Beast
Trump Stands to Profit as He Signs Crypto Legislation
Yesterday


Politico
'Put up or shut up': Landmark win in Congress to test crypto's viability
Yesterday


The Wall Street Journal
Binance Seeks to Curb U.S. Oversight While in Deal Talks With Trump's Crypto Company