Bitunix Analyst: The GENIUS Act Passes the Senate; Close Attention Needed on On-Chain Fund 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.