🚨STABLECOIN STOCKS JUST COLLAPSED
Circle plummeted 20%.
Coinbase dragged 11%.
Roughly $5B wiped from Circle’s market cap in a single session.
What happened❔
A new CLARITY Act draft surfaced.
Exchanges and brokers can't offer interest or "economically equivalent" returns on dollar tokens.
Translation: Congress just drew the line banks wanted all along.
Stablecoins = payments.
NOT deposit substitutes.
One draft bill just changed how markets price stablecoins. 🔥