Shocking! The US Senate overwhelmingly passed the (GENIUS Stablecoin Act) key procedural motion, countdown to a new era of cryptocurrency regulation has begun!
Last night, the US Senate staged a lightning vote, in a rare bipartisan consensus, forcefully broke through procedural barriers, pushing the long-stalled (GENIUS Stablecoin Act) into the final voting channel! This not only means that Washington is about to strike against the turbulent crypto market, but also marks the arrival of a rule reshuffle involving the trillion-dollar stablecoin market!
Earthquake-level reshuffle! The 'barbaric growth' era of stablecoins ends, new regulations lock the industry's lifeline
The core of the bill targets the 'survival rules' of stablecoin issuers:
National-level unified licensing system: Completely ends the chaotic situation of regulatory fragmentation among states, platforms may face a life-and-death test of 'licensed operation'
100% reserve + daily audits: Requiring issuers to fully collateralize with cash, government bonds, and other highly liquid assets, ending the 'air stablecoin' risk
The Federal Reserve urgently calls for a halt: If systemic risks arise, regulators have the authority to freeze the circulation of problematic stablecoins within 48 hours
Industry insiders urgently call: 'Small-scale issuers may face bloodshed, a tenfold increase in compliance costs will trigger a massive industry exodus!'
Swallowing the globe! The hegemony of the US dollar stablecoin is upgrading again, traditional financial giants are secretly battling the crypto empire
Accelerated global regulatory follow-up: The EU and Singapore quickly stated they will reference the US regulatory framework, cross-border payment rules face reconstruction
Morgan Stanley and Citigroup secretly layout: Bank-based stablecoins may seize the opportunity to enter, capturing the market of leading players like PayPal and Circle
Tether black swan warning: If the largest stablecoin USDT fails to comply, it may trigger a migration of funds worth tens of billions of dollars
'This is a critical move for the digital dollar hegemony,' Wall Street analysts assert, 'Whoever secures the stablecoin license will hold the throat of the next generation of finance!'
Life and death in 72 hours! The rare collaboration between the two parties hides behind a fierce election game
Pushing for cryptocurrency regulation just before the November elections, the Democrats and Republicans are tacitly playing the 'economic security card':
Biden urgently needs to curb stablecoin risks to appease voters' anxiety over financial turmoil
Trump's crypto camp pushes for 'innovation-friendly' clauses to compete for Web3 votes
Political observers reveal: 'The final version of the bill is still in a dark battle, subtle amendments will determine the trillion-dollar fate of Silicon Valley giants!'
Market riot warning: Mysterious massive buy orders suddenly appeared on the trading platform
The moment the news leaked:
Bitcoin violently surged past $67,000, with stablecoin-related tokens soaring across the board
Coinbase's stock price skyrocketed 14% in after-hours trading, the compliance winner effect swept the capital market
'Smart money has already placed its bets!' Traders urgently remind, 'If the bill is passed, compliant stablecoins will become the biggest money-sucking black hole!'
Spoilers for the final vote: Three life-and-death clauses determine the outcome
According to congressional insiders, the final negotiations focus on three major fatal controversies:
Banks vs. tech companies: Who has the right to issue stablecoins? Traditional finance is launching a lobbying blitz!
User asset segregation: Is it mandatory to require on-chain verifiability? Advocacy groups vow to fight fiercely after hacking incidents
Overseas issuer strangulation order: Foreign stablecoins may be subject to heavy taxes, projects in Hong Kong and Singapore urgently seek refuge
Breaking news ahead: The Senate leader has announced that a final vote will be initiated within 72 hours! The most significant cryptocurrency legislation in global financial history is about to reveal its final answer!
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