The U.S. Senate passed the GENIUS Act with 68 votes in favor and 30 against. The act addresses stablecoin reserve requirements, consumer protection, and anti-money laundering regulations, mandating that stablecoins maintain a 1:1 full reserve ratio and be jointly supervised by the Treasury Department and the Federal Reserve. The bill has now been submitted to the House of Representatives for review. Although the bill does not restrict the president's family from participating in stablecoin businesses, Democrats have expressed concerns. Last year, the Trump family profited over 57 million USD by issuing stablecoins through World Liberty Financial. After the bill's passage, related stablecoin project tokens experienced a short-term increase. The market generally expects that a clear regulatory framework will attract more institutional funds and enhance short-term market liquidity. Bitunix analysts recommend that investors pay attention to policy-driven related platform tokens (such as MKR, CRV, COMP) for short-term opportunities, while monitoring the bill's approval progress in the House, setting technical stop-loss points, strictly controlling positions, and closely watching the legislative process and on-chain capital flows.

BlockBeats News, June 18 — The U.S. Senate has passed the "GENIUS Act" with a vote of 68 in favor and 30 against. This landmark federal legislation addresses stablecoin reserve requirements, consumer protections, and anti-money laundering regulations. The act mandates that stablecoins maintain a fully-backed 1:1 reserve ratio and stipulates joint oversight by the Treasury Department and the Federal Reserve. The bill has now been forwarded to the House of Representatives for review. Notably, although the act does not impose restrictions on the participation of presidential families in the stablecoin business, concerns have been raised by Democrats. Last year, the Trump family reportedly earned over $57 million through the issuance of stablecoins via World Liberty Financial. In response to this regulatory breakthrough, tokens related to stablecoin projects saw a short-term rally. Market sentiment widely anticipates that the clarity in regulatory frameworks will attract more institutional capital, thereby improving short-term market liquidity. Bitunix Analyst Recommendations: The "GENIUS Act" marks the beginning of a new era in stablecoin regulation, which is expected to remove obstacles for compliant capital entering the market. In the short term, investors may focus on policy-driven bullish opportunities in related platform tokens (e.g., MKR, CRV, COMP). However, it is important to note that the bill still requires approval from the House of Representatives. Any delays in the review process or potential rejection could impact anticipated market gains. Investors are advised to set technical stop-loss points and maintain strict position control, while closely monitoring the progress of the legislative process and on-chain capital flows.

The U.S. Senate Passes the GENIUS Act, Ushering in a New Chapter for Stablecoin Regulation

The U.S. Senate Passes the GENIUS Act, Ushering in a New Chapter for Stablecoin Regulation