On July 19, 2023, the Blockchain and Crypto Assets sector witnessed significant changes. Trump officially signed the GENIUS Act, a move that will provide a clear framework for the legal status of stablecoins, marking further recognition of the importance of digital assets in the financial system.

With the continuous development of Blockchain technology, traditional wealth concepts are undergoing profound changes. In this emerging digital economy era, the measurement of personal wealth may no longer be limited to tangible assets such as real estate or cars, but is more reflected in the holdings of digital assets on the Blockchain.

This transformation reflects the digital transformation that the global financial system is undergoing. With the implementation of the GENIUS Act, we can foresee that stablecoins and other digital assets will play an increasingly important role in future financial transactions and value storage.

However, we also need to recognize that the digital asset market is still in its early stages, with volatility and risks. Investors should maintain a cautious attitude when participating in this field and conduct thorough research and risk assessments.

Overall, the bill signed by Trump will undoubtedly inject new momentum into the development of Blockchain and digital assets, and potentially have a far-reaching impact on the global financial system. We are witnessing the dawn of a new era, in which digital assets may become one of the important indicators of personal wealth.