PANews, July 21 - According to Zhitong Finance, Citic Securities research report states that on July 17, Eastern Time, the U.S. Congress passed the (GENIUS Act), marking the official establishment of the first federal-level regulatory framework for stablecoins in the United States. From the process of the bill's advancement, after the passage of the 'Big and Beautiful Act', cryptocurrency legislation was quickly listed as a top agenda in the House of Representatives, and Trump personally intervened to promote consensus within the Republican Party, highlighting the priority status of the cryptocurrency sector in the U.S. policy framework. In terms of the bill's content, the House did not make substantial modifications to the version passed by the Senate, still retaining a relatively loose regulatory framework primarily at the federal level, supplemented by state-level regulations. Looking forward, as the regulatory details of the (GENIUS Act) are finalized, U.S. financial and technology giants are expected to accelerate their entry, driving the rapid diffusion of stablecoins from issuance to application scenarios, which may lead to a continuous expansion of the stablecoin market size.