Recently, the stablecoin bill 'GENIUS Act' was passed in the Senate debate motion with 69 votes in favor and 31 votes against, officially entering the revision stage. Perhaps boosted by this positive news, Bitcoin has strongly broken through 110,000 USD after four months, setting a new historical high.

Currently, the global stablecoin market size has surpassed 200 billion USD, gradually becoming a core pillar that connects traditional finance with the blockchain world. However, behind this prosperity lie significant issues that cannot be ignored—reserve transparency, systemic risks, and the long-lacking regulatory framework.

Against this backdrop, the U.S. Senate Committee on Banking, Housing, and Urban Affairs has proposed the 'GENIUS Act', aiming to establish an institutional tone for this rapidly developing field. The bill requires stablecoin issuers to hold 1:1 high-quality reserve assets (such as U.S. Treasury bonds or cash) and prohibits stablecoins with interest-bearing attributes to reduce potential financial risks. Previously, Odaily Planet Daily detailed the bill's specifics in an article titled 'The GENIUS Act is expected to pass the Senate, bringing historical breakthroughs in stablecoin regulation'; interested readers can refer to it.

Now, as the 'GENIUS Act' enters the revision stage, the sentiment in the crypto industry has also warmed up. This bill, seen as a milestone in U.S. stablecoin regulation, has sparked considerable discussion within the industry. #BTC