🚨 CRCL CRASH ALERT: 16% DROP WIPES OUT $5.6B

$CRCL is tanking, down 16% intraday, after Congress floated a plan to ban stablecoin yields. 💥

The proposed rules would stop platforms from giving any yield on stablecoins—directly or indirectly—essentially killing interest-like earnings for users.

Why it matters: Circle makes 96% of its revenue from interest on USDC reserves. No yield = weaker USDC demand = smaller revenue for Circle. 📉

But here’s the kicker… Cathie Wood’s ARK Invest dumped $5.9M of CRCL four days before the leak. 👀

Coincidence? Insider move? The timing is eyebrow-raising.

Crypto traders, keep your eyes peeled—this could get messy. ⚡

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