#密码资产动态追踪 The GENIUS Act has revealed significant loopholes, and the exchange model faces restructuring

Just as 2025 begins, an important bill regarding cryptocurrency regulation exposes design flaws—exchanges might be allowed to operate in a manner similar to shadow banking💸. American banking industry professionals have issued warnings that if this loophole is not fixed, it could lead to a outflow of $6.6 trillion from the US banking system. A more immediate concern is that savings channels will change, and traditional loan approval processes will become more stringent🏦.

How is the market reacting? Investors are rushing into the stablecoin sector, with the market value of related assets already reaching $317.8 billion. But there is a hidden risk—once the regulatory loophole is closed, those attractive high yields of stablecoins will disappear, potentially reducing them to mere payment tools and losing their investment appeal. The next decision by Congress will directly determine how long this system can continue to operate🧐.

In simple terms, the stablecoin market is now at a policy critical point. This boom driven by regulatory gaps is about to face tighter regulation, and systemic risks are emerging. Whether to continue laissez-faire or enforce strict regulation, the upcoming stance of Congress could redefine the future landscape of the entire stablecoin market.