币界网报道：The GENIUS Act, which is about to be passed by the U.S. Congress, will incorporate stablecoins into the mainstream financial system. However, the Act requires stablecoin issuers to use safe assets such as cash and short-term U.S. Treasury bonds as reserves, and large issuers must also publish audited annual financial reports. This poses a severe challenge to stablecoin issuer Tether - the company's USDT is currently partially supported by Bitcoin and gold, and it has long refused to fully disclose financial details. Scott Armstrong, a former federal prosecutor who has handled crypto cases, pointed out: "This may prevent Tether from continuing to operate in the United States." Analysts believe that the GENIUS Act will force Tether to accept an audit, making it the "biggest loser." So far, Tether representatives have not responded to requests for comment. (Wall Street Journal)