>>60657655

lol you can always trust Bitfags to go to bat for Tether. Stablecoin regulation and oversight is scary for BTC because it is precisely the LACK of regulation and oversight that has allowed Tether to keep printing unbacked USDT all these years.

Stablecoin regulation and oversight = full accountability & proper auditing = any unbacked printing finally stops = no more fake & gay buying pressure for BTC = price adjusts accordingly

Or you can hope and pray that Circle or whatever regulated stablecoin issuer (Tether is not US-based) is going to be willing to keep burning billions in real USD to keep BTC stable/pumping, to literally be the buyer of last resort for no good reason.

In any case, Tether ends up being the loser with the passing of the GENIUS Act, pic related.