U.S. Senate to Vote on GENIUS Act for Stablecoin Regulation

By: coincu news|2025/05/16 09:15:05
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On May 19, 2025, the U.S. Senate will vote on the GENIUS Act , a critical stablecoin regulatory bill to establish federal oversight. The GENIUS Act could reshape U.S. digital asset regulation, with implications for stablecoin issuers and consumers seeking transparency. Senate Prepares to Vote on $10 Billion Regulation Threshold The GENIUS Act , sponsored by Senator Bill Hagerty, advances to a Senate vote with support from leaders like Majority Leader John Thune . The proposed legislation requires stablecoin issuers holding assets over $10 billion to be regulated federally, while smaller issuers will face state oversight. Additionally, all stablecoins must be fully backed by tangible assets like U.S. dollars or treasury bonds . If passed, these changes would mandate transparency from major stablecoins such as USDT and USDC , which face tighter oversight. New amendments include bans on FDIC insurance misuse and enhanced bankruptcy protection, aiming for bipartisan approval. Market reactions have been mixed , with some viewing it as a stabilization effort for the digital currency market, while others are concerned about increased regulatory burdens. Noteworthy comments from lawmakers underscore the commitment to both innovation and accountability in the financial sector. GENIUS Act’s Legacy and Potential Global Impact Did you know? The GENIUS Act, through its comprehensive framework, follows in the footsteps of the STABLE Act, aiming to bring consistent regulation to stablecoin markets, a sector valued over $151 billion. Tether USDt (USDT) is trading at $1.00 with a market cap of formatNumber(151078485312, 2) . Its trading volume in the last 24 hours was formatNumber(90962544463, 2) with no price change. Data from CoinMarketCap highlights minimal volatility, reflecting market stability. Insights from the Coincu research team suggest that if the GENIUS Act passes, it could set precedents for global stablecoin regulations. This action may stabilize financial markets , providing a clear framework for digital currencies, thus fueling innovation while ensuring regulatory compliance .

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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