On July 18, #稳定币监管风暴 7, Trump raised a signing pen at the White House and formally enacted the GENIUS Act into law. He claimed this is 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 in US Treasury bonds, bank deposits, or cash. Tech companies like Amazon are banned from issuing stablecoins unless they undergo stringent scrutiny. Foreign issuers must either relocate back to the US or give up dollar pegs — Tether's $120 billion US Treasury holdings have already surpassed Germany, making it the 19th largest buyer of US Treasury securities 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: the act ties US Treasuries to stablecoins, and the $36.2 trillion national debt crisis is being shifted globally.