BTC ETH Analysis - The most core factor affecting the short-term market: the Stablecoin Act
There are two factors that affect the price of coins recently: whales selling BTC in large quantities and the Stablecoin Act. Trump's call the day before yesterday and the 2 billion funds entering the market yesterday are all related to the GENIUS Act.
1. Trump is the only president in the world who does not support his own country's central bank digital currency (CBDC). There is no one before and no one after him in normal countries.
He currently supports the currency version of the US dollar stablecoin (mainly USDC, USDT, and his own USD1).
There are two main reasons:
1. The US central bank digital currency is dominated by the Federal Reserve, and his current relationship with the Federal Reserve is obviously not good.
2. At present, the currency circle is his family's cash cow, and the interests are too deeply bound, so he must support it. He will become an invisible tycoon in the United States in the next three years, and the dark line of family funds is managed by the founder of Silk Road. WLFI's increase in Ethereum positions is a cover, that is all the investors' money spent. He only knows what price he bought what currency at.
2. The game between great powers adds to the drama of "stablecoins"
The game between the great powers of China and the United States has greatly increased the international popularity of "stablecoins". Therefore, the listed stablecoin companies in China and the United States, the US Stablecoin Act, the stablecoin licenses of JD.com, Ant, and Xiaomi, and the stablecoin-linked companies in Hong Kong stocks are all the targets of current capital pursuit.
3. Beware of the risk of exhaustion of good news:
1. The bill has undergone several rounds of voting in recent months, and each time it has been hotly speculated in the market.
2. Judging by the content of the Stablecoin Act: The implementation of regulations and the actual impact will take at least several months to complete. If the funds cannot keep up, the short-term good news will be exhausted, and the medium- and long-term good news will be good for the currency circle.
4. Appendix: Summary of the Stablecoin Act
Licensed issuance: The issuance of stablecoins must be authorized by the government, and the regulatory power is still in the game between the state government and the federal government.
Asset reserves: 100% high-quality assets are required as reserves (such as short-term treasury bonds, reverse repurchases), and re-mortgage is prohibited; stablecoin holders must be repaid first in bankruptcy.
Regulatory requirements: A full set of financial regulatory standards including risk control, information disclosure, anti-money laundering, technical security, and auditing.
Regulatory trends: Stricter than banks, which is pushing stablecoins closer to the mainstream financial system.
