Nuclear-Level Regulation: The United States Shackles 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 has two points: 1:1 dollar reserves + federal license, which forced Tether to move its headquarters to El Salvador overnight, while USDC happily accepted compliance dividends

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