The European Central Bank system proposes eliminating stablecoin restrictions under MiCA, allowing reserve backing through short-term Treasury bills and repos instead of requiring 60% in bank deposits. This aligns European stablecoin regulation with the 2025 U.S. GENIUS Act while maintaining prohibitions on interest payments and limiting use of tokenized money market instruments.
Bitcoin discussions on X include Coinbase's humorous post about Bitcoin's CEO, Bitcoin Magazine reporting Hunter Biden's $220,000 price prediction by 2028, and speculation about a potential three-layer monetary system combining gold, Bitcoin, and stablecoins. A technical analyst projects Bitcoin could reach $118,000 after clearing $83,000.