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This week's story: crypto is becoming a geopolitical weapon, and the US just demonstrated it openly.
Tether froze $344M in USDT across two Tron addresses on April 23 in direct coordination with OFAC, the largest enforcement action of its kind, linked the next day to Iran-tied wallets under Treasury sanctions. Simultaneously, CoinDesk reported the US military is running a Bitcoin node and framing crypto as a power projection tool against China. Meanwhile spot BTC ETFs logged $2B in net inflows over 8 consecutive days, with BlackRock's IBIT alone pulling $167.5M on Thursday.
The thesis: Washington is not fighting crypto anymore, it is weaponizing it. Tether's compliance posture makes USDT a dollar-dominance instrument, not a decentralized asset.