Circle Falls 20% After CLARITY Act Yield Ban Draft

The post Circle Falls 20% After CLARITY Act Yield Ban Draft appeared first on Coinpedia Fintech News Circle shares dropped nearly 20 percent after a draft of the bipartisan CLARITY Act proposed banning interest-like rewards on stablecoin balances such as USDC, a key part of Circle’s revenue model. Coinbase also fell around 10 percent as investors reacted to concerns over future earnings tied to stablecoin products. Although activity-based rewards would still be …