Odaily Planet Daily News: According to a research report by CITIC Securities, on July 17th Eastern Time, the US Congress passed the GENIUS Act, marking the official implementation of the first federal level stablecoin regulatory framework in the United States. From the perspective of the bill's progress, after the "Big and Beautiful Act" was passed, encryption legislation was quickly placed on the top agenda of the House of Representatives, and Trump personally stepped down to promote consensus within the Republican Party, highlighting the priority position of the encryption field in the US policy framework. From the content of the bill, the House of Representatives did not make substantial changes to the version passed by the Senate, and still retained a relatively relaxed regulatory framework with federal dominance and state-level supplementation. Looking ahead, with the implementation of the regulatory details of the GENIUS Act, American financial and technology giants are expected to accelerate their entry into the market, promoting the accelerated diffusion of stablecoins from issuance to application scenarios, which may lead to the continuous expansion of the stablecoin market size. (Securities Times)
