GENIUS Act: The "American Plan" for Stablecoin Regulation
As the core of this legislation, the GENIUS bill aims to establish a federal-level regulatory framework for stablecoins, with its main impact reflected in three aspects:
1 Institutional entry catalysts: After the bill is passed, rules for stablecoin issuance and reserve management will be clarified, expected to attract traditional institutions like BlackRock and Fidelity to accelerate their layout in the digital asset space; 2 Digital extension of USD hegemony: Mandatory stablecoin reserves tied to short-term US Treasury bonds will cr
View OriginalAs the core of this legislation, the GENIUS bill aims to establish a federal-level regulatory framework for stablecoins, with its main impact reflected in three aspects:
1 Institutional entry catalysts: After the bill is passed, rules for stablecoin issuance and reserve management will be clarified, expected to attract traditional institutions like BlackRock and Fidelity to accelerate their layout in the digital asset space; 2 Digital extension of USD hegemony: Mandatory stablecoin reserves tied to short-term US Treasury bonds will cr