I too am seeing this news now. I think we have many alternatives available in the market today and that's why a lot of people are not much bothered about the ban. USDT is undoubtably the biggest stablecoin in the market today but that does not mean, they are not replaceable. People can simply switch to USDC for instance. So I don't think there will be any shock if EU bans USDT from the European exchanges. People will switch and I am sure a lot of people have already started switching to safeguard their wealth.

MICA regulation talks about transparency. Let's hope it happens in reality!