#StablecoinLaw

With the second quarter of 25 coinciding with many cryptocurrency conferences in North America, on the 19th of the month, the U.S. Senate passed the GENIUS Act (Guidance and Establishment of a National Innovation Act for Stablecoins) with a vote of 66 in favor and 32 against.

In less than a week, many financial institutions and cryptocurrencies rushed to interact with each other, and as a friend of mine said, the entire market became turbulent.

The uniqueness of this law lies in its ability to significantly affect the global financial economy in the short and long term, with many levels of complexity accumulating gradually, just like a major earthquake occurring near the earth's surface.