Steven_Research(@Steven_Research)'s insights

Post

the stock $CRCL  (Circle Internet Group - issuer of USDC) fell sharply yesterday by ~18-19% due to information from the latest draft / leaked text of the CLARITY Act.
The latest draft of the CLARITY Act (currently being negotiated in the US Senate) completely prohibits passive yield/rewards on stablecoin balances (not allowing interest/bonuses just for holding USDC). Only activity-based rewards are permitted (related to transactions, transfers, using the platform).

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

USDC+0.00%

CRCL-3.36%

.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}the stock $CRCL (Circle Internet Group - issuer of USDC) fell sharply yesterday by ~18-19% due to information from the latest draft / leaked text of the CLARITY Act.

the stock $CRCL (Circle Internet Group - issuer of USDC) fell sharply yesterday by ~18-19% due to information from the latest draft / leaked text of the CLARITY Act.