CITIC Securities: The US Stablecoin Act has been implemented, and relaxed regulation is conducive to market expansion

By: odaily.com|2025/07/21 08:51:46

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)

-- Price

Solana did not fall behind during the bear market. Trading enthusiasm has waned, but the network is more stable, RWA and stablecoins are expanding, and the capital foundation is much thicker than in the previous cycle. The real question is: when the speculative tide recedes, can perpetuals, predicti...

Young people in South Korea make a "final effort" in the epic bull market

The South Koreans' average of two accounts for wildly gambling in the chip bull market reflects the survival anxiety and harsh reality of countless young people trying to break through class barriers behind the nationwide stock trading frenzy for wealth.

The pricing controversy of Trade.xyz exposes the fatal weakness of Pre-IPO perpetual contracts

SpaceX's equity update has sparked controversy over on-chain liquidations. Trade.xyz refuses to reset the SPCX pricing, and the lack of a Rebase mechanism in Perp DEX has led to a significant trust test for on-chain Pre-IPO assets.

How much longer can Ethereum's last big buyer hold on?

According to Bitmine's current buying pace, the 5% target is expected to be reached next month, and at that time, there may be no further increases in holdings. So, who will fill the buying gap for Ethereum?

World Cup 2026 Coming – WEEX Celebrates with $1M Prize Pool & Michael Owen Live

The 2026 FIFA World Cup is hours away. WEEX unveils the “World Cup x Dice Rush” campaign with a 1,000,000 USDT prize pool. Plus, Michael Owen reunites with WEEX COO for an exclusive pre-match livestream. Join now!

Morning Report | OpenAI has submitted an S-1 registration statement draft to the U.S. SEC; Morpho completes $175 million financing

Overview of Important Market Events on June 9th

Galaxy Deep Research Report: How Hyperliquid's HIP-4 Upgrade Changes the Landscape of Prediction Markets?

The platform that wins this competition will be the one whose execution layer is the hardest to replicate, whose builder ecosystem delivers the fastest, and whose regulatory path is the most open.

Latest research from 13 top universities including Cornell University: The current state, challenges, and misconceptions of the fusion of Crypto and AI

The combination of AI and crypto is still in its early stages, with both serving as complementary "middleware": AI translates human intentions into executable programs, while cryptographic technology provides verifiable and tamper-proof guarantees for computational processes and results. In the dire...

Deconstructing Anthropic: The Best AI Company, Possibly Also a Type of Organizational Invention

Instead of competing with ambition, focusing on restraint, how does Anthropic leverage extreme strategic focus and an "counterintuitive" geek culture to counterattack OpenAI on the AI battlefield?

Every exchange is a "Universal Exchange."

You initially build infrastructure for something, then realize it can also be used for many other things, and then you continuously expand the business to accommodate everything that the infrastructure can support.

The counterattack of traditional finance: Alliance chains are quietly reviving

Whether public chains win or consortium chains win has never been the focus.

Pantera Capital Partner: How Tokenization is Restructuring the Private Equity and Early Investment Ecosystem?

Top tech companies are going public later and later, leaving retail investors shut out during the high growth period. Can tokenization give ordinary people back this entry ticket?

Mastercard Launches Agent Pay for AI, Plans to Record AI Agent Payment Authorizations on Polygon

Mastercard launched Agent Pay for AI, a new payment protocol designed to help AI agents make small payments such as pay-per-use access to data and APIs. The system plans to record human-granted AI agent permissions on Polygon, focusing on verifiable authorization, identity, and payment controls.

Morning News | CME Group launches Nasdaq Cryptocurrency Index futures; Asset management giant Janus Henderson strategically invests in Ethena

Overview of Important Market Events on June 10