That's absurd claim. US doesn't control everything anymore. They doesn't dictate what is going to happen in the whole world just because it happens in the US. Stablecoins will continue to strive just like every cryptocurrency out there. Also, regulation doesn't mean killing it so I don't really know how you come up with that.
The way regulations work in most countries is first to say they regulate stablecoins and say only banks can control stablecoins....then moving along with this line of thought..they say
cryptocurrency exchanges also besides KYC have to be a bank (not optional...have to) ...evil BTC/Crypto and all that....then the law is changed that US citizens can only trade
crypto in regulated US exchanges that are banks due again to KYC etc..evil BTC/Crypto and all that...then it moves on to 'decentralized' crypto...we must know transactions of such
better now..so that will be pushed as law rather than what is going on right now with the USA 'only' offering a 'reward' to track monero and lightning transactions tool..what
do you think wil happen (or try to happen I should say) if such a tool was to exist..well all the above I figure? Centralized politics/govt/banking/mega-corporations...really, really, don't
like 'decentralized' anything....any of the above push away at such bit by bit. If it the private sector push until you get regulated as too big as a monopoly..then you find your
real scaling...if you are government push until the bureaucracy is too much and then backlash..that becomes the limit..but it always is a concentration towards power and wealth
be it a country or a corporation or an individual..thus...decentralized anything like 'voting' w/o gerrymandering or labor unions slap downs on forming or even education of saying
free college..all pushes
back at those in the status quo who already don't worry about such things as wealth/education/or hell society at all. The game at that point is not to get wealth but to gain
influence and power...wealth and power are just how you keep score. So there will always be pushback against decentralized BTC/Crypto ....just a matter of scale.
So I assume like getting rid if ICO coins in the USA this stablecoin bank only thing will pass because if I understand stablecoins correctly they are 1 to 1 with fiat and thus
would be pegged to eventual and future digital currency by the US government and others. Thus many in power looking at the past with Bitcoin 'wish' they would have
done the same to limit decentralized BTC/Crypto back in the day in such a manner when weak. But alas, BTC/Crypto was a way to succeed to fast to get ahead of that curve
for any power/wealth advantage...it is always gonna be any ATH then FOMO ...then the above folks will go for FUD to drive the price down and slow down the vision (they hope) of
BTC/Crypto. Rinse/Wash/Repeat. So they have been behind the curve on BTC/Crypto for years, but that does not mean that they can't jump on new crypto innovations before
they come to fruition and slap them down or try to.
Power/Wealth vs Democracy/Decentralization this has always been the case and is not different from BTC/Crypto. Indeed as the price and adoption of BTC/Cryto, especially
the 'decentralized' versions the more heavy-handed and frantic I expect such regulations to become. You really think that if the Bitcoin Twins are right and the Bitcoin
adoption will flip coin that it is gonna happen easy? Not gonna work likely, but look at the USA Presidential election..it is not like they are not gonna try and cry and moan
anyway.
https://cointelegraph.com/news/bitcoin-s-market-cap-will-flip-gold-winklevoss-twinsBrad
