The Law on Guidance and Institution for the 2025 National Stablecoins, adopted by 32 votes to 66, opened the door to the most comprehensive crypto currency arrangement in the US Senate in the US Senate. If the bill is enacted, the stablecoins will first have a clear definition, audit and capital adequacy standards at the federal level for the first time. Prior to the vote, the Ethical Discussions on the USD1 crypto currency of the Trump family gained momentum, while inter -party bargains gave results especially thanks to the transparency attachments requested by democratic senators. Congress leaders emphasized that they aim to strengthen financial stability and increase investor confidence.
Interpersonal balances in the Senate vote
In his first version, the bill received intensive criticism for alleged immunity to World Liberty Foundation, supported by the Trump family. Democratic Senator John Smith defended his insistence loudly by saying, “The former President’s commercial interests and the overlap of the national legislation wounds the public conscience,” he said. The Republican majority said that private sector innovation should not be sacrificed to political controversy. Final text, in order to prevent conflicts of interest, the balances changed when the White House and Congress members added a substance that required to declare direct or indirect stablecoin investments.
In the second procedure voting on Monday night, he voted in favor of five democratic senators who were “abstaining” in the first round; Thus, the threshold of 60 was exceeded. Emily Johnson, President of the Senate Finance Committee, defended the reconciliation between the parties by saying, rather than punishing complex financial products one by one, rather than punishing the rules one by one. The White House also provided implicit support to the bill with the report prepared; Nevertheless, he is expected to be subjected to new objections while passing through the House of Representatives in the coming weeks.
How will the new framework affect the sector?
GENIUS ACT limits the export of stablecoin to bank licensed organizations and requires 100 percent cash or treasury bills of reserve assets. The US Treasury Ministry of Treasury is given the authority to protect consumer protection to the Annual Audit, Securities and Stock Exchange Commission (SEC); Thus, the state -based patched legislation period will end. According to analysts, international funds will increase liquidity to the extent that they can enter the stablecoin market subject to permission in the United States, and transaction costs will decrease.
Critics remind you that technology companies can take years -like licenses for years, and the risk of innovative initiatives to be in the background. On the other hand, regulatory clarity can reduce the hesitation of large institutions. The report of MacroSight, a New York -based digital asset research company, shares the prediction that “legal certainty can double the stablecoin trading volume in 18 months,”. On the other hand, privacy -oriented communities argue that the reserve transparency requirement can create an excessive bureaucracy, although it is necessary for “accountability”. The application calendar will spread to 12 months after approval and the old exports will have to get a license again with the gradual transition process.
Following the approval of the Senate, market players have already begun to evaluate the business model and compliance cost; In particular, global platforms discuss how new undergraduate types will create an advantage compared to without passport -free access. America’s reserve power and financial center seems to have attracted Stablecoin projects to a Washington -based regulation universe.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
