Nuclear-Level Regulation: The U.S. Places Chains on Stablecoins

The U.S. Senate passed the GENIUS Act with a high vote of 68 to 30, completely ending the era of 'barbaric growth' for stablecoins.

The core of the bill is two points: 1:1 dollar reserves + federal license, directly forcing Tether to move its headquarters to El Salvador overnight, while USDC happily reaps compliance benefits.

This regulatory earthquake is not about 'industry norms,' but the beginning of the U.S. using its dollar hegemony to harvest the on-chain world.