According to online reports, according to Cointelegraph, the ink on the GENIUS Act has not yet dried, and its ripple effect has already appeared throughout the crypto industry. In just seven days, the industry added nearly US$4 billion in funding, pushing the market value of stablecoins to exceed US$264 billion and stimulating corporate interest in related investments. This surge is not surprising. The landmark legislation provides banks, asset managers and other institutional investors with a federal framework to issue stablecoins backed by fiat currencies without facing the imminent threat of enforcement action by the U.S. Securities and Exchange Commission. With regulatory clarity comes new capital, new players and fiercer competition. Even before the GENIUS Act was enacted, signs of this shift were already emerging.