On June 18, the U.S. Senate passed the GENIUS Act with 68 votes in favor and 30 votes against, marking the first federal bill covering stablecoin reserves, consumer protection, and anti-money laundering regulations. The bill requires stablecoins to have a 1:1 reserve and be subject to oversight by the Treasury Department and the Federal Reserve, and has been sent to the House of Representatives for review.
Despite the bill not restricting the presidential family's involvement in stablecoin business, it has raised questions from Democrats about the Trump family earning over $57 million through World Liberty Financial's token issuance last year.
Stimulated by positive factors, tokens related to stablecoins have strengthened in the short term, with market expectations that clear regulations will attract more institutional funds and improve short-term liquidity.
Bitunix analysts suggest: The GENIUS Act marks the first year of stablecoin regulation, which will help compliant funds enter the market. In the short term, attention can be paid to policy-related token performance (such as MKR, CRV, COMP). However, the bill still needs to pass the House of Representatives, and if delayed or rejected, it will affect expected gains. It is recommended to set technical stop-loss and fund management, and pay attention to subsequent voting and fund movements.
