MiCA’s 18-month grandfathering window for crypto platforms operating in the EU closes on July 1, 2026. After that date, any firm serving EU clients without full CASP authorization is in breach of EU law and must cease operations, with wind-down plans already required to be in place. Tether’s USDT offers a preview of the mechanism already in motion — major exchanges delisted it after Tether skipped MiCA authorization. Users on EU-facing platforms should check the ESMA Interim MiCA Register and co...