On July 18, #稳定币监管风暴 7, Trump held up a signing pen at the White House and officially signed the GENIUS Act into law. He declared it the greatest transformation in financial technology since the birth of the internet! All stablecoins must be pegged to U.S. dollar assets at a 1:1 ratio, with 93% of reserves mandated to be invested in U.S. Treasury bonds, bank deposits, or cash. Tech companies like Amazon are prohibited from issuing stablecoins unless they undergo strict scrutiny. Foreign issuers must either relocate back to the U.S. or abandon the dollar peg—Tether's holdings of $120 billion in U.S. Treasuries have surpassed Germany, making it the 19th largest holder of U.S. debt globally. This is a more dangerous dollar weapon than SWIFT! Zhu Guangyao, former vice minister of finance of China, pointed out the core issue: the act ties U.S. debt to stablecoins, and the $36.2 trillion national debt crisis is being shifted globally.