Recently, the U.S. cryptocurrency regulatory landscape has seen a series of significant developments, particularly with the acceleration of legislation concerning stablecoins. Following the Senate's passage of the landmark "GENIUS Act," President Trump personally urged the House of Representatives to pass the bill "lightning fast." Meanwhile, Ohio has also voted to approve a new bill aimed at protecting participants in the cryptocurrency industry, setting a new benchmark for state-level crypto policy reform. These movements not only signal the beginning of a new era in U.S. stablecoin regulation but also bring new opportunities and challenges to the entire crypto market.

1. The "GENIUS Act": A Milestone in Federal Stablecoin Regulation Framework

The U.S. Senate passed the "GENIUS Act" with an overwhelming majority of 68 votes in favor and 30 against, marking the official birth of the first federal-level stablecoin regulatory framework in the United States. The core highlights of the bill include:

President Trump praised the bill as "pure genius" and emphasized that it would make the U.S. the "undisputed leader" in the digital asset space. The passage of this bill undoubtedly lays a solid foundation for the compliant development of stablecoins, with the potential to attract more institutional funds and improve short-term market liquidity.

2. President Trump's "Lightning" Urging and Market Response

After the Senate passed the "GENIUS Act," President Trump immediately sent a clear message to the House of Representatives: "Get it to my desk as soon as possible—no delays, and no additional content." He stressed that this is the "pinnacle of American ingenuity" and hopes the House can pass a "clean" version of the "GENIUS Act" at "lightning speed."

However, Trump's remarks also sparked strong reactions from industry stakeholders. According to Fox News reporter Eleanor Terrett, some industry professionals called Congress to question what his directive meant for the passage of market structure legislation, as the House is considering advancing market structure legislation alongside stablecoin legislation, aiming to complete it before the August deadline set by Trump. This indicates that, despite the President's push, the complexities of the legislative process and the interplay of various interests still exist.

It is worth noting that although the bill does not impose restrictions on the President's family participating in stablecoin businesses, the fact that the Trump family profited over $57 million last year through World Liberty Financial's issuance of stablecoins has raised questions from Democrats.

3. Ohio: A New Benchmark for State-Level Crypto Policy Reform

While actively advancing at the federal level, Ohio has also made breakthrough progress at the state level. The Ohio House of Representatives voted on Wednesday to pass the "Ohio Blockchain Basic Act" (HB 116), which aims to provide multiple protections for industry participants and further advance the legislative process.

The bill's sponsor, Steve Demetriou, stated that Ohio will become one of the first states in the nation to create a sensible regulatory framework for these cutting-edge technologies and industries, hoping that Ohio can become a national leader in Bitcoin and digital asset policy. The Satoshi Action Fund also praised the passage of the bill, viewing it as a "clear signal" that lawmakers are beginning to recognize the importance of protecting the rights of industry participants and encouraging innovation.

4. Market Opportunities and Risks Under a Clear Regulatory Framework

The advancement of the "GENIUS Act" and the Ohio bill undoubtedly injects a strong dose of optimism into the crypto market. Bitunix analysts point out that the "GENIUS Act" marks the beginning of a new era in stablecoin regulation, clearing obstacles for compliant funds to enter the market. In the short term, project tokens related to stablecoins (such as MKR, CRV, COMP) are expected to experience favorable policy-driven trends. The market generally anticipates that the clarity of the regulatory framework will attract more institutional funds, thereby improving short-term market liquidity.

However, investors should remain cautious. Bitunix analysts remind that the bill still needs to pass a vote in the House of Representatives, and if the review process is delayed or rejected, it could impact market expectations for growth. Therefore, investors are advised to set technical stop-loss levels and strictly control their positions while closely monitoring subsequent voting progress and on-chain capital movements. Additionally, while stricter regulation can help the healthy development of the industry, excessive regulation or unreasonable provisions may stifle innovation, which requires lawmakers to maintain a balance in the future.

Conclusion:

The United States' active exploration in stablecoin and cryptocurrency regulation is gradually constructing a clearer and more standardized framework. From the federal-level "GENIUS Act" to the state-level "Ohio Blockchain Basic Act," these legislative advancements not only reflect America's determination to embrace the future of digital assets but also provide important references for global cryptocurrency regulation. As the regulatory framework continues to improve, a more mature and compliant digital asset market is expected to accelerate its arrival, providing broader space for the widespread application and innovation of blockchain technology.

Related: Trump on the GENIUS Stablecoin Act: "Get it to my desk as soon as possible, the sooner the better"

Original: “U.S. Stablecoin 'GENIUS Act' Accelerates Progress: Is the Regulatory Year Opening Up New Opportunities for the Market?”

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。