Trump signed a bombshell bill! Is the cryptocurrency world really about to change?
💥 Family, quick, check the news! Trump signed the 'GENIUS Act' at the White House today, which is the world's first federal law on cryptocurrency! Stablecoins are officially recognized, and trading coins is no longer a "gray area"; this move has directly slammed the benefits of the crypto world in our faces!
🔥 What does the bill actually say? I'll translate it for you in simple terms
1️⃣ Stablecoins must be '1:1 backed'; no more worries about running away!
What were the reserves of USDT and USDC before? No one could say clearly (remember last year when USDC de-pegged?)
Now the bill stipulates: issuing stablecoins must back them with an equivalent amount of US dollars or short-term government bonds, with details disclosed monthly!
👉 To put it simply: buying USDT in the future will be like depositing in a bank; 1 dollar will always be exchangeable for 1 USDT, and there's no need to fear "value going to zero"
👉 The biggest winners: USDC (already compliant), Coinbase (the exchange is going to be overwhelmed)
2️⃣ Blockchain companies are tax-exempt for 3 years! Project teams are rushing to the U.S.
This is the most ruthless part! Eligible blockchain companies won't have to pay taxes on profits for the first 3 years, and R&D expenses can be deducted from taxes.
Think about the scene last year when Singapore exempted Web3 companies from taxes, and project teams flocked there… The U.S. is directly copying the homework:
✅ Tonight, blockchain stocks in the U.S. have already skyrocketed! MSTR (the Bitcoin holding king) rose 5% pre-market, Coinbase rose 7%
✅ Small project teams registered U.S. companies overnight, just like how everyone rushed to the Cayman Islands for tax evasion back in the day.
When PayPal supported cryptocurrency in 2020, BTC rose 40% in a week; this time, the tax exemption is even greater—just think about it!
3️⃣ What impact will this have on our trading? Remember these 3 key points
👉 Stablecoins are safer: buying USDT/USDC won't be a cause for worry anymore; official endorsement is stronger than anything else.
👉 Institutional funds will enter the market: banks and funds previously didn’t dare to touch cryptocurrencies, but now there's legal backing, big money is coming.
👉 Altcoins will be accelerated in elimination: the bill only recognizes compliant stablecoins; worthless coins and Ponzi coins have no way to survive; funds will flow to BTC/ETH.
💡 Finally, let me say something straightforward
In the past, trading coins was often labeled as "irregular"; now the U.S. government has directly issued an 'ID card' to stablecoins, which is equivalent to giving the entire crypto world a "name change"!
Do you think BTC can ride this wave up to 150,000? Let's discuss in the comments!
