On July 18, $XRP 7, Trump held up a signing pen at the White House and officially signed the GENIUS Act into law. He claimed this was the greatest transformation in financial technology since the birth of the internet! All stablecoins must be pegged 1:1 to US dollar assets, with 93% of reserves mandated to be invested in US Treasury bonds, bank deposits, or cash. Tech companies like Amazon are prohibited from issuing stablecoins unless they pass stringent reviews. Foreign issuers must either relocate back to the US or abandon the dollar peg—Tether's $120 billion in US Treasury holdings has surpassed Germany, making it the 19th largest buyer of US debt globally. This is a more dangerous dollar weapon than SWIFT! Zhu Guangyao, former Vice Minister of Finance of China, pointed directly to the core issue, stating that the act ties US Treasury bonds to stablecoins, with the $36.2 trillion national debt crisis being transferred globally.