$BTC

The giants tremble, the small players exit: This bill is establishing rules for stablecoins! Giants like USDT and USDC (market cap over 10 billion dollars) will have to obediently accept strict oversight from their federal 'daddy' (OCC/Fed) and will be monitored constantly. Small players? The compliance costs are too high; those who can’t afford it will likely pack up and leave. USDC, the 'good student,' will be smiling, while USDT needs to quickly make a choice: either completely 'reform' and comply, or say goodbye to the U.S. market, which holds 65% of the global share. It feels like a major industry reshuffle is coming; it’s a bit brutal but also a necessary path.