The U.S. actions have caused unease in the EU. The Genius Act was signed into law by President Trump in July this year, establishing the first comprehensive rules for the $288 billion stablecoin market. Under this act, issuers of tokens pegged to the dollar must hold sufficient liquid asset reserves, fulfill licensing obligations, and comply with strict reporting standards. Supporters argue that this framework strengthens consumer protection while still leaving room for innovation, which is a balance that regulators have struggled to achieve. The rapid actions taken by the U.S. have left European policymakers feeling uneasy, as they have been advancing their own projects more cautiously. According to the Financial Times, informed sources indicate that this shift in the EU began with the U.S. approval of the Guidance and Establishment of the U.S. Stablecoin National Innovation Act (also known as the Genius Act #Token of Love广场打CALL赢门票# ).