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CITIC Securities: The US Stablecoin Act has been implemented, and relaxed regulation is conducive to market expansion
Odaily News According to a research report by CITIC Securities, on July 17, Eastern Time, the U.S. Congress passed the GENIUS Act, marking the official launch of the first federal-level stablecoin regulatory framework in the United States. Judging from the process of advancing the bill, after the passage of the Big and Beautiful Act, crypto legislation was quickly listed as the top agenda of the House of Representatives, and Trump personally promoted consensus within the Republican Party, highlighting the priority of the crypto field in the U.S. policy framework. Judging from the content of the bill, the House of Representatives did not make substantive changes to the version passed by the Senate, and still retained a relatively loose regulatory framework that is mainly federal and supplemented by the state level. Looking ahead, as the regulatory details of the GENIUS Act are implemented, U.S. financial and technology giants are expected to accelerate their entry, promote the accelerated spread of stablecoins from issuance to application scenarios, and may bring about a continued expansion of the stablecoin market size. (Securities Times)
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