♟ Europe's Stablecoin Rules Are Up for Review. Here's the Board $BTC friends, the European Commission is reviewing MiCA, and the submissions show who wants what: 🔵 Circle ($USDC) → scrap the 30% / 60% bank deposit floors, replace them with a 1-5 day liquidity test. Also lift the 35% cap on one country's government bonds, which blocks a dollar coin from holding mostly U.S. Treasuries. 🟢 ECB and some national central banks → reportedly open to a liquidity-based approach. Unusual alignment with an issuer. 🟠 Hyperliquid Policy Center → wants onchain perps treated under MiFID II derivatives rules, not MiCA. 🔴 EU banks → the quiet beneficiaries of the current rule: billions in stablecoin deposits as cheap funding. ⚪ Tether → made the same complaint earlier and simply stayed out of MiCA. USDT lost EU exchange listings, USDC became the compliant default. That last point shapes the outcome. Circle took the compliance route and is now negotiating from inside. Tether is watching from outside. so my $BTC community: if Brussels softens the deposit rule, the biggest winner is USDC's European lead. If it doesn't, Circle carries bank risk that Tether never accepted. Nothing changes until a formal legislative process runs, so this is a 2027 story. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#