Stablecoins, Surveillance, and Regulatory Gravity

[madmax]

The bill’s stablecoin provisions have drawn particular scrutiny. Restrictions on yield and rewards are seen as disproportionately favoring fully regulated issuers such as Circle, while limiting experimentation from newer entrants. At the same time, mandatory real-time surveillance could lock exchanges into long-term reliance on analytics providers.

Firms like Chainalysis stand to benefit from this setup, as compliance tooling becomes a legal requirement rather than an optional safeguard. Critics argue this isn’t accidental, but a familiar pattern of regulatory capture where rules stabilize the power structure that already exists.

[JanEmil]

Some countries are afraid they won't get their taxes.