According to online reports, according to CCTV News, Trump officially signed the "National Innovation Act to Guide and Establish U.S. Stable Coins"(referred to as the "Genius Act") at the White House, marking the first time that the United States has established a stable coin regulatory framework. Trump said stablecoins would help increase demand for U.S. Treasury bonds, lower interest rates, and consolidate the dollar's status as a global reserve currency. He reiterated that "the establishment of a central bank digital currency will never be allowed in the United States." The Genius Act requires stablecoins to be backed by liquid assets such as U.S. dollars or short-term U.S. Treasury bonds, and issuers must disclose reserve details on a monthly basis. At present, the world's two largest stablecoins, USDT and USDC, account for nearly 90% of the total market value. According to statistics, the size of the stablecoin market is about US$247 billion, and U.S. Treasury Secretary Basent expects it to grow to US$3.7 trillion by 2030. Experts pointed out that the United States is pushing for stablecoins in an attempt to take advantage of the US dollar's existing advantages to maintain its dominant position in the global currency and payment system. Some views believe that this move may ease the pressure on US debt. However, some Democratic lawmakers questioned the bill's failure to provide sufficient consumer and financial stability guarantees, and pointed to the Trump family's connection with cryptocurrencies. Some Republican lawmakers also believe that the bill conflicts with Trump's previous executive order banning the central bank's digital currency.