GENIUS Act Now in Play: A Turning Point for Crypto Regulation and Stablecoins?
After months of political back-and-forth, the U.S. Senate has invoked cloture and is moving forward with the GENIUS Act , officially titled the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025. This marks one of the pivotal moments for crypto regulation in U.S. history .
But what exactly is the GENIUS Act, and why is it sending ripples through the digital asset ecosystem?
The GENIUS Act aims to establish a federal framework for stablecoins, crypto tokens pegged to fiat currencies like the U.S. dollar. It outlines who can issue stablecoins, how they must be backed, and what protections must be in place for consumers and the financial system.
With a clear regulatory path, big financial players like JPMorgan, PayPal, or even tech firms like Stripe and Square could finally go all-in on U.S. dollar–backed stablecoins. This legitimizes stablecoins as reliable tools for payments, remittances, and on-chain finance.
The GENIUS Act emphasizes transparency and reserves. That could drastically reduce the risk of collapses like Terra’s UST or fears around Tether’s reserves .
With federal clarity, stablecoins could become embedded in everything from retail payments to international trade and DeFi protocols. It may also unlock trillions in sidelined institutional capital.
While the GENIUS Act focuses on stablecoins, its implications go far beyond:
Altcoins and utility tokens may benefit from the increased trust and regulatory clarity that spills into the broader market.
Global regulators could follow suit, adopting their own versions of the Act—creating a harmonized global framework for digital assets.
Tokenized assets (RWA) like real estate, commodities, and equities will gain a regulatory model for interacting with stablecoins as their settlement layer.
DeFi and Web3 apps can start integrating stablecoins in compliance with a known standard—removing uncertainty for developers, users, and regulators.
The Senate has set the stage, with the final vote likely taking place by June 13. After that:
In a space long haunted by regulatory ambiguity, the GENIUS Act feels like a breath of fresh air. Whether you’re a trader, a protocol builder, a fintech innovator, or a stablecoin issuer, this bill—if signed into law—will finally provide the playbook.
Crypto isn’t just entering the next phase—it’s maturing. And the GENIUS Act might be the catalyst.
🔗 Explore More:
Bitget Stablecoin Markets
Learn About Stablecoins
Track Token Prices $USDT, $USDC, $BTC, $ETH, $PYUSD, $FDUSD, $DAI, $TUSD, $FRAX, $LUSD
After months of political back-and-forth, the U.S. Senate has invoked cloture and is moving forward with the GENIUS Act , officially titled the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025. This marks one of the pivotal moments for crypto regulation in U.S. history .
But what exactly is the GENIUS Act, and why is it sending ripples through the digital asset ecosystem?
The GENIUS Act aims to establish a federal framework for stablecoins, crypto tokens pegged to fiat currencies like the U.S. dollar. It outlines who can issue stablecoins, how they must be backed, and what protections must be in place for consumers and the financial system.
With a clear regulatory path, big financial players like JPMorgan, PayPal, or even tech firms like Stripe and Square could finally go all-in on U.S. dollar–backed stablecoins. This legitimizes stablecoins as reliable tools for payments, remittances, and on-chain finance.
The GENIUS Act emphasizes transparency and reserves. That could drastically reduce the risk of collapses like Terra’s UST or fears around Tether’s reserves .
With federal clarity, stablecoins could become embedded in everything from retail payments to international trade and DeFi protocols. It may also unlock trillions in sidelined institutional capital.
While the GENIUS Act focuses on stablecoins, its implications go far beyond:
Altcoins and utility tokens may benefit from the increased trust and regulatory clarity that spills into the broader market.
Global regulators could follow suit, adopting their own versions of the Act—creating a harmonized global framework for digital assets.
Tokenized assets (RWA) like real estate, commodities, and equities will gain a regulatory model for interacting with stablecoins as their settlement layer.
DeFi and Web3 apps can start integrating stablecoins in compliance with a known standard—removing uncertainty for developers, users, and regulators.
The Senate has set the stage, with the final vote likely taking place by June 13. After that:
In a space long haunted by regulatory ambiguity, the GENIUS Act feels like a breath of fresh air. Whether you’re a trader, a protocol builder, a fintech innovator, or a stablecoin issuer, this bill—if signed into law—will finally provide the playbook.
Crypto isn’t just entering the next phase—it’s maturing. And the GENIUS Act might be the catalyst.
🔗 Explore More:
Bitget Stablecoin Markets
Learn About Stablecoins
Track Token Prices $USDT, $USDC, $BTC, $ETH, $PYUSD, $FDUSD, $DAI, $TUSD, $FRAX, $LUSD
Wallet from 2023’s $23 Million Bitrue Hack Becomes Active, Launders Funds via Tornado Cash
A crypto wallet linked to the $23 million Bitrue exchange hack of April 2023 has resurfaced after months of dormancy, with new on-chain movements showing a calculated effort to launder the stolen funds.
According to data shared by blockchain analyst @EmberCN, the attacker is actively converting assets into Ethereum (ETH) and funneling them through Tornado Cash, a well-known crypto mixer.
The laundering activity marks the latest chapter in a long-running saga that began when various assets, including ETH, QNT, GALA, and SHIB, were stolen from the exchange.
Related: From SHIB to ETH to Tornado: How Bitrue’s stolen crypto is finally on the move
The breach in April 2023 led to the theft of various assets, including ETH, QNT, GALA, SHIB, HOT, and MATIC. At the time, the total value of the stolen tokens was estimated at $23 million. Shortly after the incident, the attacker converted most of the compromised assets into ETH directly on-chain.
The address remained largely dormant until March 2024, when it sold 4,207 ETH at a market price of $3,885 per coin. That transaction yielded 16.345 million DAI. However, the assets remained untouched until June 2025, when renewed on-chain activity confirmed movement of both ETH and DAI to a new wallet.
Recent activity shows that the hacker has spent 8.304 million DAI to purchase 3,000 ETH. Shortly after, 4,600 ETH, equivalent to $12.65 million at the time of the transaction, was sent through Tornado Cash. The laundering process is still ongoing, with the wallet holding an additional 8.04 million DAI and 3,510 ETH as of the latest update.
Related: Notorious Bitrue Drainer Strikes Again, Liquidating $16.34 Million of ETH
These operations are part of a structured effort to cover up the origins of the funds through Tornado Cash. On-chain records show that before initiating these latest transactions, the hacker also sold off remaining SHIB and HOT tokens. The SHIB liquidation involved 150 billion tokens, generating 1,090.4 ETH valued at $1.97 million. Meanwhile, the sale of 1.35 billion HOT tokens netted 76.5 ETH, or roughly $140,000.
The coordinated sale, exchange, and laundering of stolen assets over multiple stages shows a calculated strategy to exit holdings with minimal traceability. Analysts continue to track the wallet, which remains active.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Dai社群媒體數據
過去 24 小時,Dai社群媒體情緒分數是 4,社群媒體上對Dai價格走勢偏向 看漲。Dai社群媒體得分是 2,012,在所有加密貨幣中排名第 152。
根據 LunarCrush 統計,過去 24 小時,社群媒體共提及加密貨幣 1,058,120 次,其中Dai被提及次數佔比 0.01%,在所有加密貨幣中排名第 227。
過去 24 小時,共有 63 個獨立用戶談論了Dai,總共提及Dai 108 次,然而,與前一天相比,獨立用戶數 減少 了 7%,總提及次數減少。
Twitter 上,過去 24 小時共有 3 篇推文提及Dai,其中 100% 看漲Dai,0% 篇推文看跌Dai,而 0% 則對Dai保持中立。
在 Reddit 上,最近 24 小時共有 0 篇貼文提到了Dai,相比之前 24 小時總提及次數 減少 了 100%。
社群媒體資訊概況
4