Group 1 - The U.S. Congress passed the landmark legislation "GENIUS Act" on July 17, 2023, which was signed into law by President Trump on July 18, marking the beginning of federal-level stablecoin regulation in the U.S. [1] - The law allows institutions with "Permitted Payment Stablecoin Issuer" licenses to issue stablecoins, requiring them to maintain a one-to-one reserve of U.S. dollars or high liquidity assets, with monthly reserve disclosures and prohibitions on systemic risk non-compliance [1][2] - The legislation clarifies that stablecoins are not considered securities or commodities and subjects them to the Bank Secrecy Act, providing a regulatory pathway for issuers including banks, credit unions, and non-bank entities [1][2] Group 2 - The U.S. House of Representatives passed three cryptocurrency-related bills, including the "Anti-CBDC Surveillance State Act" and the "Digital Asset Market Clarity Act," establishing a regulatory framework for stablecoin issuance, central bank digital currency restrictions, and digital asset oversight [2] - The new laws focus on the issuance licenses for dollar-pegged stablecoins and the transparency of custodial funds, with the U.S. Treasury and CFTC requiring regular audits and compliance reports [2] - The legislation imposes higher requirements on issuers regarding asset backing and user redemption mechanisms, injecting clear expectations into the market [2] Group 3 - Following the clarity in regulations, investor interest in the connection between digital assets and traditional capital markets has significantly increased, with "U.S. stock account opening process" becoming a trending search term [5] - The XBIT decentralized exchange platform has implemented upgrades based on the Ethereum Pectra protocol, allowing for transactions without KYC, platform controls, or audits, with assets stored in user-controlled wallets [5] - The Ethereum Pectra upgrade, set to be activated on May 7, 2025, will enhance smart contract execution efficiency and cross-chain capabilities, aligning with rising market demands for asset control and volatility management [5] Group 4 - Following the announcement of the new regulations, searches and inquiries related to the "U.S. stock account opening process" surged by nearly 40% compared to the previous week, indicating a rapid response from investors [7] - The XBIT platform has seen an average of nearly 120,000 daily transactions, with stablecoin trading pairs accounting for 67% of total trading volume, reflecting growing interest from cross-border investors [7] - The "U.S. stock account opening process" is evolving from reliance on traditional banking and SWIFT to integrating on-chain stablecoin mechanisms, optimizing identity verification and fund settlement processes [7]