The Senate just passed the GENIUS Act—a bi-partisan stablecoin framework—with a 68‑30 vote on June 17, 2025. This historic move mandates full backing with liquid reserves, monthly disclosures, and consumer protections investopedia.com+4reuters.com+4businessinsider.com+4.

As a result:

• Circle (USDC) stock surged, and its IPO skyrocketed from $31 to $173.60, echoed by a 16% spike in Coinbase shares—CUING widespread investor FOMO reuters.com+1markets.businessinsider.com+1.

• Institutional capital may flood in, pushing BTC and ETH even higher. Analysts now eye stables as future payment rails—not just speculative assets.

Key takeaway: Everyone wants in. Stablecoin issuers, exchanges, and payment platforms are booming with momentum.

😨 FUD: What Could Go Wrong?

Despite the celebration, uncertainty remains:

• The bill still needs House approval and the President’s signed nod—estimated by late summer 2025 reuters.com.

• Mixed opinions arise: Democrats express concern about weak anti‑money laundering provisions and executive exceptions, while critics claim it could favor personal corporate interests insurancenewsnet.com+4reuters.com+4investopedia.com+4.

• Geopolitical risks lurk: Iran’s Nobitex exchange lost over $90 million in a politically-motivated hack, highlighting ongoing vulnerabilities markets.businessinsider.com+5wsj.com+5insurancenewsnet.com+5.

Takeaway: Even good news is still subject to political and security risks—so don’t get complacent.

👀 WATCH: What’s Next

• House & White House review: Whether GENIUS Act becomes law depends on House dynamics and the President’s signature. Markets are gearing up for a “law-limbo” rally or stall.

• BTC & ETH upside: Both are trading resiliently—BTC around $105K—while ETH hovers near $2.5K, buoyed by ETF speculation reuters.com+4investors.com+4investopedia.com+4tradingview.com+1economictimes.indiatimes.com+1.

• Altcoin ETFs heating up: Over 31 altcoin ETF filings this year, including Solana and XRP-focused proposals, are pitching in for SEC approval rounds slated for July reuters.com+2cointelegraph.com+2fingerlakes1.com+2.

• Grayscale staking permission: The SEC’s deliberation on allowing staking in Ethereum ETFs (comments ending late June) could redefine how yield enters regulated investment structures federalregister.gov+2servers.com+2sec.gov+2.

💡 Final Thoughts

The GENIUS Act is FOMO fuel for stablecoin infrastructure, FUD fodder for unresolved regulation and emerging security concerns, and something to WATCH closely for next legislative moves and ETF ecosystem growth.

Markets are showing confidence—but risk isn’t gone. From geopolitical hacks to legislative hiccups, the next few weeks could define whether this historic moment becomes a stable foundation or a stalling point.

Stay sharp. Stakes are high, and all eyes are on the next chapter in June–July 2025.