The US has taken a groundbreaking step in regulating the stablecoin industry with the enactment of the GENIUS Act in July 2025. This landmark legislation, spearheaded by Senator Hagerty and President Trump, introduces federal oversight for stablecoins, marking a significant shift in market dynamics. While the act mandates federally approved entities to issue stablecoins, the market remains divided on its potential impact. Wall Street experts have expressed cautious optimism, citing insufficient evidence that these digital assets will significantly increase dollar demand or US Treasury bond purchases. 3 trillion dollars in projected market growth by 2030 adds to the complexity of the situation.