🔥🇺🇸 Is the New US Stablecoin Law About to Backfire on America AND Crypto? 🤯💥
Former Bank of China VP drops a bombshell analysis and the implications are global.
⚠️ A Law That Could Kill Its Own Industry?
Wang Yongli warns the GENIUS Act might destroy private stablecoin issuers instead of protecting them. 🏦➡️💻 If banks start issuing tokenized deposits, they could completely replace USDT/USDC-style players — turning stablecoins into a short-lived experiment.
💵 “A Tool to Harvest Global Wealth” — The Dollar’s Hidden Weapon
According to Wang: 🌍 Dollar-pegged stablecoins give the US unprecedented global reach. 🔥 Crypto transfers backed by USD become unregulated pipelines for sustaining American dominance. 💣 This threatens the monetary sovereignty of emerging and developed economies alike.
🇨🇳 Why China Banned Stablecoins — And Why It Matters Now
Wang says China refuses to build an RMB stablecoin that becomes a vassal of the digital dollar. 🔒 24/7 cross-border flows = AML & KYC nightmare 🔧 US can freeze wallets globally — China cannot ⚠️ Risk to foreign exchange management, tax systems, and national security
🌐 Even Europe Is Worried
Christine Lagarde and the ECB warn that USD stablecoins are: 💥 Threatening the euro 💥 Undermining monetary policy 💥 Weakening the bloc’s long-term financial autonomy
🧨 So What’s Really Happening?
Wang argues the GENIUS Act wasn’t written for crypto — it was written for America first, even if the rest of the world pays the price. And ironically… 🇺🇸 Banks may now become the biggest “stablecoin disruptors” of all.
🤔 What This Means for Crypto?
🔥 Expect banks to rush into blockchain rails 🔥 Private stablecoins may face pressure like never before 🔥 Dollar dominance grows — until the world fights back 🔥 Geopolitics now shapes the future of DeFi, not just markets
