Figure 1 I originally posted this article on X, but later because many people scolded me, I deleted it and posted it on Weibo.

It seems that people on X still prefer to bury their heads in the sand.

My concerns were ranked first on Binance's hot search list today: USDT becomes a risk of capital flight.

The US Stablecoin Act has given USDT legal currency status, which is a huge, huge, huge negative for currency speculators in China! ! !

China will accelerate the introduction of virtual currency legislation, and legally recognize that the exchange of virtual currency and Chinese legal currency is illegal and criminal.

Control the stock and do not allow withdrawals, control the increment and do not allow deposits, and cut off the exchange between virtual currency and Chinese legal currency.

There is no chance now. 😭😭😭