The #GENIUS稳定币法案 CRCL stablecoin bill has passed, marking a milestone known as the year of cryptocurrency legislation. Stablecoins are officially incorporated into the financial regulatory system, enhancing compliance expectations, benefiting compliant platforms like CRCL and Coin, but also increasing regulatory pressure on decentralized projects. The U.S. Department of the Treasury will release implementation guidelines within the next 90 days, and by the end of 2025, stablecoins will officially enter the compliant market, impacting the global flow of U.S. dollars. This will be a hot topic for a long time to come.