3 years ago, we launched the $SNEK presale.
It raised 113k ADA from 449 participants, far more than I expected. The rest is history.
I never thought I’d leave my 7-year engineering career to build a brand and community, but looking back, it was one of the best decisions I’ve ever made.
Since then, we’ve met incredible people, traveled across the world, and built something far bigger than a token. We’ve built one of the best communities in the entire crypto space, and I truly believe the best is still ahead of us.
Happy birthday to Snek, and here’s to many more.
Yes, confirmed via multiple reports (FinTech Weekly, Disruption Banking, CoinDesk, etc.): The CLARITY Act compromise (Tillis-Alsobrooks deal, ~March 20) bans passive yield/interest on stablecoin balances—only activity-based rewards (e.g., payments/transfers) allowed. This unblocks the bill for Senate progress.
CRCL did drop ~15% today (closed ~$126 yesterday, hit ~$108 intraday per charts).
Not "very bad" for Circle long-term: Regulatory clarity boosts USDC as regulated issuer; they earn from T-bill reserves anyway. Yield limit hurts store-of-value evolution but doesn't kill payments utility or their moat. Market reaction looks like over-sell on one provision amid broader bill wins.