The Clarity Act draft proposes strict limits on stablecoin yields, prohibiting interest on held balances. Circle $CRCL is down 19% intraday to $102.22 following the news.
Earlier at the @MilkenInstitute Future of Finance event, some execs were betting President Trump wouldn’t pick a side in the stablecoin yield fight (crypto vs. banks) until further down the line after he was “done fundraising off both.”
Spoke too soon!
@BlockchaiNorth What is the panels take on the Politico report on World Liberty Financial? Is this a copycat of what Ripple is trying to do and if so do you think the presidential backing his son and Witkoff's son is why Ripple and XRP haven't been mentioned by the Trump administration?
Willow Wealth, VOX Funding, & PEO Partners join @JillMalandrino on @Nasdaq#TradeTalks to discuss the investment case for exposure to private markets, accessibility, and the challenges investors need to be aware of. https://t.co/VF4a6aGmvu