On July 18, #稳定币监管风暴 7, Trump raised a signing pen in the White House, officially enacting the GENIUS Act into law. He claimed this is the greatest transformation in financial technology since the inception of the internet! All stablecoins must be pegged 1:1 to dollar assets, with 93% of reserves mandated to purchase U.S. Treasury bonds, bank deposits, or cash. Tech companies like Amazon are prohibited from issuing stablecoins unless they pass stringent scrutiny. Foreign issuers must either relocate back to the U.S. or abandon dollar pegs — Tether's $120 billion U.S. Treasury position has surpassed Germany, making it the 19th largest U.S. Treasury buyer globally. This is a weapon of the dollar more dangerous than SWIFT! Zhu Guangyao, former Deputy Minister of Finance of China, directly pointed out the core issue; the act ties U.S. Treasury bonds to stablecoins, and the $36.2 trillion national debt crisis is being shifted onto the world.