The latest draft of the CLARITY Act hit both stocks, but one analyst says the bill could ultimately shift bargaining power toward Circle and away from Coinbase. Circle’s stock plunged 20% Tuesday after the CLARITY Act’s stance on stablecoin yield, but analysts argue the new rules may ultimately shift economic power toward the company as a regulated issuer. Because Coinbase currently captures a large share of USDC interest income through its distribution deal with Circle, limits on yield-like re…
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