The CLARITY Act Could Kill Stablecoin Yield – Here Is Where the Money Goes In...
The stablecoin market is facing a critical test. Not a market cycle. Not a liquidity event. A legislative one — and the damage is already visible. An XWIN Research Japan report documents what happened in a single session: Circle, the issuer behind USDC, shed 18% of its market value yesterday, erasing roughly $4.6 billion in […]
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In a closed-door meeting on Capitol Hill, crypto industry leaders reviewed the latest text of the long-awaited crypto market structure bill, which focused on key proposals to address the stablecoin yield and rewards dispute. Related Reading: SBF Legal Saga Continues: Prosecutors Question Authenticity Of FTX Founder’s Retrial Motion Letter Latest CLARITY Act Draft Says No […]
Circle stock, CRCL, experienced a significant decline over the past day following news of a proposed ban on stablecoin yield. Despite this selloff, Bitwise’s CIO maintains that the market reaction was excessive and projects that the company’s valuation will likely double by 2030. Related Reading: Cardano Price At Multi-Year Support That Previously Led To 200% Rally – ADA Recovery Ahead? Circle Selloff Was ‘Overblown’ – Bitwise CIO On Tuesday, Circle Internet Financial, the issuer behind the USDC stablecoin, saw its stock crash 22% to $98 following reports about lawmakers’ decision on the....
Senators are poised to publish a revised draft of the CLARITY Act — the long‑anticipated crypto market structure bill — as early as this week, according to reporting from Eleanor Terrett of Crypto In America. The timing comes amid an Easter recess that runs through April 13, but Terrett’s sources say lawmakers intend to unveil […]
A White House meeting aimed at breaking the logjam over stablecoin rewards under pending crypto market structure legislation aka Clarity Act ended without a compromise, even as both banking and crypto participants described the session as “productive,” according to details shared by Crypto In America reporter Eleanor Terrett citing sources in the room. The follow-up […]
Federal Reserve (Fed) Governor Christopher Waller said on Monday that progress on the long‑anticipated crypto market structure legislation, commonly referred to as the CLARITY Act, appears to have stalled in Congress. His remarks come as lawmakers remain divided over key issues, most notably stablecoin yield provisions and the Federal Reserve’s proposal for so‑called “skinny” master […]