The US stablecoin bill has been rejected; is the current alt season just a flash in the pan?Author: Lawrence, Mars Finance
Introduction: A "political ambush" at 48:49, undercurrents stirring beneath the blueprint of the crypto empire.
On May 9, 2025, under the dome of the U.S. Capitol in Washington, a vote that was supposed to be recorded in the annals of cryptocurrency history dramatically ended with a vote of 48 to 49. The "GENIUS Act," strongly advocated by Trump—legislation aimed at establishing a federal regulatory framework for stablecoins—died on the vine due to a collective defection of the Democrats.
Meanwhile, Ripple's five-year lawsuit with the SEC has ended in a settlement, but it has been thrust into the spotlight due to allegations of benefiting the Trump family's interests.
At this moment, the cryptocurrency market is experiencing a strange "split": Bitcoin has broken through the $100,000 mark, and altcoins like DOGE and SHIB have surged over 300% in just one week, with retail investors celebrating while institutions remain cautious. However, when regulatory vacuums collide with political maneuvering, this situation initiated by "Trump's concept
MarsBitNews·2025-05-10 00:13