Odaily Planet Daily News: CITIC Securities research report states that on July 17, Eastern Time, the U.S. Congress passed the (GENIUS Act), marking the official implementation of the first federal-level stablecoin regulatory framework 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 priority in the House of Representatives, with Trump personally pushing for consensus within the Republican Party, highlighting the priority status of the cryptocurrency sector in the U.S. policy framework. From the content of the bill, the House did not make substantial changes to the version passed by the Senate, retaining a relatively loose regulatory framework primarily at the federal level with state-level supplements. Looking ahead, as the regulatory details of the (GENIUS Act) are implemented, U.S. financial and technology giants are expected to accelerate their entry into the market, promoting the rapid expansion of stablecoins from issuance to application scenarios, which may lead to continuous growth in the stablecoin market size. (Securities Times)