★Circle Stock Plunges 20% as Clarity Act Draft Threatens Stablecoin Yield

"The proposed Clarity Act, by potentially eliminating yield on stablecoin reserves, directly impacts the profitability of major issuers like Circle and could reprice the entire stablecoin market. This regulatory shift threatens to diminish institutional demand for yield-bearing stablecoin products, redirecting capital flows and fundamentally altering the market structure for digital dollar liquidity. Such legislative action sets a precedent for future crypto regulation, influencing broader institutional adoption and risk assessment."