#GENIUS稳定币法案
In July, late at night in the White House, Trump signed the (GENIUS Act), the world's first federal law on stablecoins was enacted, witnessed by hundreds of political and business giants. This move will trigger a triple tsunami.
The bill's three guillotines.
1 Reserve requirement death penalty.
Each stablecoin must be backed 100% by USD or U.S. government bonds. Algorithmic stablecoins are permanently banned; disasters like LUNA will no longer occur.
2 Transparency execution.
Monthly reserve audits + third-party verification. Those who misappropriate assets face criminal charges.
3 License life-and-death symbol.
State-level licenses limited to 1 billion scale; small players face elimination. Wall Street monopolizes the trillion-dollar market.
Financial nuclear explosion chain reaction.
JPMorgan launches Base chain deposit tokens.
American banks open cryptocurrency payment channels.
8.9 trillion pension funds are flowing beneath the surface.
Amazon and Walmart plot to issue their own coins.
Old Li's survival rules.
1 Immediately clear out non-compliant stablecoins (USDT/DAI).
2 Heavily invest in USDC and compliant exchange assets (COIN stock price soared 18% in a single day).
3 ETH becomes the biggest winner, buy the dip at 3350 with eyes closed.
4 Beware of unusual movements in the U.S. bond market in September (stablecoins may trigger a liquidity crisis).
Blood lesson: In 2023, after the BUSD crash, I switched to USDC to save myself. Clause 4.7 of the law authorizes the freezing of suspicious assets. Players in the gray zone should leave quickly.
At this moment, BlackRock's on-chain wallet increased its holdings by 32,000 ETH. Under the tide of compliance, the era of certified gold mining officially begins.
