Tether CEO Paolo Ardoino expressed concerns about the EU's new MiCA regulation. The law requires stablecoin issuers to hold 60% of their reserves in EU banks, which could lead to systemic risks. Ardoino noted that deposits over €100,000 are not insured, which could cause problems similar to the collapse of Silicon Valley Bank. 🚨
He also supported Trump's idea of creating a strategic Bitcoin reserve for the US, emphasizing its advantages over gold.