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 'wild growth' era of 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 'industry regulation,' but the beginning of the U.S. using dollar hegemony to harvest the on-chain world