The United States Senate is accelerating the advancement of the 'GENIUS Act', with a vote expected before May 26, to establish the first regulatory framework for the stablecoin market. The bill requires stablecoin issuers to maintain a 1:1 cash reserve and undergo strict audits, aiming to balance innovation with consumer protection, impacting a market of approximately $150 billion. The House of Representatives is simultaneously advancing the 'STABLE Act', indicating that the U.S. aims to take the lead globally in constructing a systematic regulatory framework for stablecoins. The bill may promote industry compliance but could limit innovation for small and medium enterprises, having profound effects on mainstream stablecoins like USDT and USDC, as well as cross-border payments and the DeFi ecosystem. Investors should closely monitor subsequent developments.