Group 1 - The signing of the GENIUS Act establishes a regulatory framework for stablecoins, marking a significant legislative milestone that could pave the way for digital assets to become everyday payment tools [1][2] - The act passed in the House with a vote of 308 in favor and 122 against, receiving support from nearly half of the Democratic representatives and a majority of Republican representatives, following prior approval in the Senate [1] - The current market size of stablecoins exceeds $260 billion, with projections from Standard Chartered suggesting it could surpass $2 trillion by 2028 if the new regulations are implemented [1][2] Group 2 - The new regulations require stablecoin issuers to fully back their assets with high liquidity assets such as USD and short-term government bonds, with monthly disclosures of asset composition [2] - The legislation has faced criticism from some Democrats and opponents who argue it does not sufficiently limit tech giants from issuing their own stablecoins, potentially increasing industry monopolization risks [2] - Traditional financial institutions are beginning to explore entry into the crypto space, with several U.S. banks initiating internal discussions and planning pilot projects or limited trading [2]