On July 18, #稳定币监管风暴 7, Trump raised a signing pen in the White House and officially enacted the GENIUS Act into law. He declared this to be 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 mandatorily purchasing US Treasury bonds, bank deposits, or cash. Technology companies like Amazon are prohibited from issuing stablecoins unless they pass strict scrutiny. Foreign issuers must either relocate back to the US or abandon the dollar peg—Tether's holdings of 120 billion in US Treasuries have surpassed Germany's, 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, stating that the act ties US debt to stablecoins, and the $36.2 trillion debt crisis is being transferred globally.