#GENIUS稳定币法案# GENIUS Act, will it become a catalyst for the new bull run? According to Citibank's prediction, by 2030, the global stablecoin market size is expected to reach between $1.6 trillion and $3.7 trillion, and the passage of the bill provides more qualitative and developmental space for stablecoins "Compliance," giving traditional companies a more reasonable justification for entry. The market is also looking forward to the influx of incremental funds bringing about a "flooding" effect, injecting new Liquidity into related encryption assets.

In summary, the key contents of the bill include:
Reserve Requirements: Stablecoin issuers must be 100% reserve-backed, with reserve assets consisting of high liquidity assets such as USD and short-term U.S. Treasury bills, and the composition of reserves must be disclosed monthly.
Regulatory tiering: Large issuers with a market capitalization exceeding $10 billion (such as Tether and Circle) are subject to direct oversight by the Federal Reserve System or the Office of the Comptroller of the Currency (OCC), while smaller issuers may be regulated by the state.
Transparency and Compliance: Misleading marketing is prohibited (such as claiming that stablecoins are guaranteed by the U.S. government), and issuers are required to comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Issuers with a market capitalization exceeding $50 billion are required to have their financial statements audited annually to ensure transparency. This means that the U.S. attitude towards stablecoins is actually friendly, provided that stablecoins are backed by U.S. dollars and meet the requirements for public transparency.
So, what is the significance of the legislation reaching this point?
First of all, the market wants certainty. The passing of the bill essentially marks the transition of the US stablecoin market from "wild growth" to standardization, filling a long-standing regulatory gap and providing certainty for the market.
Secondly, it is clear that we need to strengthen the position of the dollar through stablecoin, especially under the competitive pressure of China's digital renminbi and the EU's MiCA regulations.
Finally, the advancement of the GENIUS Act may pave the way for broader encryption market legislation (such as market structure bills), promoting the integration of the encryption industry with traditional finance, and the out-of-the-box development we want has a legal basis.