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

A crypto analyst is warning of a potential market crash due to the GENIUS Act, which could effectively ban Tether (USDT), the largest stablecoin. The analyst claims Tether has been artificially inflating crypto prices by printing USDT and that institutions are selling off their Bitcoin holdings. It's also alleged that Tether insiders are selling Bitcoin through private transactions. The analyst believes that a large percentage of Bitcoin's trading volume relies on USDT, and without it, the market could collapse. The GENIUS Act doesn't ban Tether immediately but gives it a period of 18 to 36 months to comply with regulations. Recent ETF data shows inflows, not outflows, contradicting the analyst's claims, suggesting that while the market is volatile, an immediate crash isn't certain.