Trump and his son face “legislative cashing in” attacks! USD1 company becomes a powder keg, the stablecoin license war ignites rifts in the Republican Party
GENIUS Act
Core: Give US dollar stablecoins an “ID card”, requiring issuers to use cash + short-term US Treasury bonds within 93 days for 100% reserves. Subtext: Force stablecoin companies to buy US Treasury bonds like crazy, providing “blood transfusion” for the $36 trillion national debt crisis. Controversy: Trump’s son just launched a stablecoin company, criticized for “legislative cashing in”.
CLARITY Act
Core: Clarify the regulatory territory between the SEC and CFTC, so tokens like ETH no longer have to be “regulatory orphans”. Subtext: Compliant exchanges can shed litigation burdens, but DeFi protocols may be excluded from protections.
Voting debacle scene:
Original plan: The Republican Party has a majority in the House, voting was supposed to be a “formality”. Reality: 13 Republican lawmakers suddenly switched sides, joining Democrats to cast a 196:223 vote against, suffering a procedural defeat.
Truth of the switch: Some lawmakers demanded bundling voting proposals, which was rejected by leadership; others accused Trump of “paving the way for his son with the bill”, refusing to be a pawn.
My opinion:
“The legislative tug-of-war is a smokescreen by the big players; the smart money has long concealed itself at key nodes.”
Short-term volatility is an opportunity to pick up bargains:
After the voting failure, Bitcoin plummeted 5%, with 130,000 people liquidated for $490 million, but whales bought back 1,000 BTC at $62,000. History repeats itself: during the Russia-Ukraine conflict in 2022, BTC initially dropped 15%, then rebounded 40% in the following two months.
Stablecoin leaders' logic for winning easily:
Even if the bill is temporarily shelved, the stock price of Circle, the issuer of USDC, dropped 7%, which is a case of wrongful killing. If the bill passes, leading stablecoins USDT and USDC will monopolize the market.
Ending hook:
“When politicians are arguing fiercely over voting rules, Ondo’s US Treasury token is quietly waiting for bottom fishers with an annualized yield of 5.3%. The true crypto revolution never waits for Congress; it only settles the remnants of the old order on-chain.”
If you want to delve into the crypto world but don’t know where to start, and want to quickly gain insights into information asymmetry, click on my avatar to follow me for first-hand information and in-depth analysis!
