The passage of the 'GENIUS Act' marks the beginning of a major reshuffle in stablecoins

Nuclear-level regulation: The U.S. puts 'shackles' on stablecoins

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

The core of the bill is just two points: 1:1 dollar reserve + federal license, directly forcing Tether to move its headquarters to El Salvador overnight, while USDC happily accepts compliance dividends

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.