A CEO of a leading platform recently expressed strong dissatisfaction with the re-examination of the "GENIUS Act," believing that it touches the bottom line of the industry. He pointed out that traditional banks are suppressing the development of stablecoins and fintech competition through political lobbying, which seriously threatens market innovation. The platform has explicitly stated that it will firmly oppose any legal amendments that may restrict stablecoins. As regulatory battles intensify, the competitive landscape of the stablecoin sector is being reshaped, and the positions of various market participants are becoming increasingly divided.