Clarity Act Deal To Ban Stablecoin Yields, Circle Leads Crypto Sell-Off

StarNews


Senate revisions to the Clarity Act digital market structure bill could deal the cryptocurrency industry a major blow. Reports indicate that new language will affect stablecoin yields payments. Stablecoin issuer Circle Internet Group (CRCL) led declines Tuesday, diving nearly 20%. Crypto exchanges Coinbase (COIN), Bullish (BLSH) and Gemini Space Station (GEMI) also tumbled. The revised language for the Digital Asset…



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