#我的交易风格 《GENIUS Stablecoin Act》If passed, it will have a significant impact on the cryptocurrency market:

1. **Strong Regulation Implementation**: It clarifies that stablecoin issuers must operate with a license, and reserve assets are subject to strict audits, enhancing market transparency and trust, but compliance costs will rise significantly.

2. **Market Restructuring**: Non-compliant projects (such as algorithmic stablecoins and those without reserve backing) will accelerate clearing out, while mainstream coins like USDT and USDC will consolidate their positions if they meet standards, increasing survival pressure on small and medium issuers.

3. **Traditional Institutions Entering the Market**: The act provides a compliant path for banks and payment giants, potentially attracting traditional capital influx, promoting deep integration of stablecoins with traditional finance.

4. **Short-term Volatility Risk**: The transition period may trigger tightening liquidity for stablecoins, and some funds may shift towards non-stable assets like Bitcoin and Ethereum for hedging.

**Summary**: Long-term benefits for the standardized development of the industry, short-term pain is inevitable, and the dominant position of centralized stablecoins will be reinforced.