I have read a lawyer’s extensive interpretation, a few othe…

bridget ·

I have read a lawyer’s extensive interpretation, a few other takes, and scanned parts of the ugly beast of a document. And I’ve used 3 different AIs to analyze and searched & found the spots they referenced wrt this aspect. Maybe some exchanges will be conservative and “delist” I don’t know, but mica appears to be explicit when it says that 1) issuers of stablecoins must ensure their marketing comms to EU citizens are clear and not misleading. 2) if a stablecoin (tether and whoever else) *markets* to an EU citizen it must publish proper documentation and follow proper redemption rights. And separate from the marketing piece: 3) they could be suspended or delisted if shown to pose significant risk to market integrity, financial stability, or monetary sovereignty. Central banks have the authority to determine this.