#我的交易风格 《GENIUS Stablecoin Act》If passed, it will have a significant impact on the cryptocurrency market:

1. **Strong Regulation Implementation**: It is clear that stablecoin issuers need to operate with a license, reserve assets will be subject to strict audits, enhancing market transparency and trust, but compliance costs will rise significantly.

2. **Market Landscape Restructuring**: Non-compliant projects (such as algorithmic stablecoins, those without reserve backing) will accelerate their exit, while mainstream coins like USDT and USDC will consolidate their positions if they meet standards, increasing survival pressure on small and medium issuers.

3. **Traditional Institutions Entering**: The act provides a compliance path for banks and payment giants, which may attract traditional capital influx, promoting deep integration of stablecoins with traditional finance.

4. **Short-term Volatility Risk**: The transition period may trigger tightening liquidity for stablecoins, with some funds potentially shifting to non-stable assets like Bitcoin and Ethereum for hedging.

**Summary**: Long-term benefits for industry standard development, short-term pains are inevitable, and the dominant position of centralized stablecoins will be strengthened.