Tether in Trouble as GENIUS Act Targets USDT- Is a Market Collapse Ahead?

While the crypto is waiting anxiously for the upcoming crypto bills to hit the space. One analyst is expecting blood on the Satoshi Street once the GENIUS Act becomes the law. In this context, crypto analyst Jacob King sounded the alarm over what he calls the “bloodiest event in Bitcoin’s modern history.” 

His warning centers on the potential banning of Tether (USDT) following the expected passage of the GENIUS Act, which he claims could trigger a massive collapse across the crypto market.