Recent news shows that the U.S. Senate passed the landmark "GENIUS Act" on June 18 with a majority of 68 votes in favor and 30 against, marking a key step in the regulation of Crypto Assets. This bill, led by Republican Senator Hagerty from Tennessee, is regarded as the first comprehensive regulatory reform plan for encryption digital assets in U.S. history.

The core content of the bill includes building a clear regulatory framework for stablecoins pegged to the US dollar, a move that has far-reaching implications for the entire digital asset industry. It is worth noting that this vote exhibited a bipartisan collaborative attitude, with 18 Democratic senators standing alongside most Republican members in support of the bill's passage.

Now, this bill will enter the next phase and be submitted to the U.S. House of Representatives for further review. The advancement of this legislative process reflects that the U.S. government is gradually building a regulatory framework for the digital financial era, balancing the relationship between innovation and risk control.