CITIC Securities: The US Stablecoin Act has been implemented, and relaxed regulation is conducive to market expansion

Planet Daily News: According to a research report by CITIC Securities, on July 17th Eastern Time, the U.S. Congress passed the Act, marking the official establishment of the first federal stablecoin regulatory framework in the United States. From the progress of the bill, after the "big and beautiful act" was passed, crypto legislation was quickly listed as the top priority of the House of Representatives. Trump personally stepped in to promote consensus within the Republican Party, highlighting the priority of the crypto field in the U.S. policy framework. Looking at the bill's content, the House did not make substantial modifications to the version passed by the Senate, still maintaining a relatively relaxed regulatory framework primarily led by the federal government with state-level supplements. Looking forward, as the regulatory details of the Act are implemented, U.S. financial and technology giants are expected to accelerate their entry, promoting the rapid expansion of stablecoins from issuance to application scenarios, potentially driving continuous growth in the stablecoin market. (Securities Times)