A slightly different perspective: TRX's core business currently lies in over-the-counter payments, which are not significantly related to compliance. It mainly relies on user stickiness (satisfying actual needs), which is a product logic.
The stablecoin bill passing seems more like opening a door for large capital in the U.S., which is more favorable for institutions to engage in arbitrage business on-chain. For this institutional business, the choice may be between ETH or launching a separate chain, with the foundational issuance likely being more ETH. As the business becomes more complex, they might develop their own layer-2 chain.
In terms of the assets that can be bet on in the crypto space, the long-term biggest benefit of the stablecoin bill is first TRX (Tron), followed by ETH, and then DeFi.
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