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

1. **Strong Regulation Implementation**: It is clear that stablecoin issuers must 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 Restructuring**: Non-compliant projects (such as algorithmic stablecoins and those without reserve backing) will accelerate their exit, while mainstream coins like USDT and USDC, if they meet standards, will solidify their positions, leading to increased survival pressure on small and medium issuers.

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

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

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

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