I like to balance things between the two parties, we should know that the USDT is not sincere, the US has had issues with it many times, they can't be trusted and the EU is protecting its territory. However, they should have made the USDT more accountable through regulations, shutting it down in Europe is not smart economically and the implications may not be obvious yet but are many and the EU should be one of the leaders in cryptocurrency, not this way.

The impact on the USDT is not felt yet, if other countries including the US join due to its lack of cooperation, then the EU will miss nothing because alternatives like USDC will take over in dominance and the future of the USDT will be so bad.