Financial nuclear bomb detonated! The US Senate strongly promotes the "GENIUS Act", and the stablecoin landscape faces a life-and-death test

Bitcoin has just hit a historic high, and Washington throws out the big bomb! Last night, the US Senate staged a rare bipartisan unity, overwhelmingly pushing the "GENIUS Stablecoin Act" with a final vote of 98:2. This sudden regulatory blitz has put the $6 trillion stablecoin market on a countdown — either rebirth through compliance or vanish into thin air!

Three deadly clauses, each striking at the industry's lifeline

National-level "life-and-death license": ending the chaos of individual state regulations, issuers must obtain a special "work permit" approved by the Federal Reserve, small-scale stablecoins may face massacre.

100% cash + Treasury bond collateral: every stablecoin must be backed by an equivalent amount of US dollars or Treasury bonds, air coins and black box operations will become history.

Federal Reserve "God mode": once systemic risk is identified, regulators can freeze any stablecoin within 48 hours, scarier than a bank run.

Global regulatory follow-up, upgrading the dollar's hegemony on-chain

EU holds an overnight meeting: plans to replicate the US framework, cross-border payment rules face unprecedented changes in a century.

Morgan Stanley's secret weapon: reports indicate that Wall Street giants are developing "bank-backed stablecoins", targeting the existing markets of Circle and PayPal.

Tether's life-and-death challenge: if the world's largest stablecoin USDT does not meet standards, it may trigger a $30 billion capital exodus.

Political gamble: the electoral war behind the bipartisan alliance

In a last-minute legislative push before the November elections, both parties have their own agendas:

Biden's team hits the brakes: using "financial security" to soothe voters' fears of crypto market explosions.

Trump's faction operates in secrecy: strongly promoting "innovation exemption clauses" to win over crypto voters' support.

Sources reveal: "The three words in Article 17 of the bill will determine the trillion-dollar fate of Coinbase and Circle!"

Market turmoil: smart money has already moved

As the news leaks instantly:

Bitcoin skyrockets past $67,000, stablecoin concept tokens surge across the board.

Coinbase jumps 14% after hours, compliance license expectations ignite capital frenzy.

Opportunities and risks coexist in the crypto space, staying vigilant and timing is key. I also discovered a short-term project with huge doubling potential! Want to keep up? Follow me for free sharing!