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A major US exchange quietly changed its stance and withdrew support for the Clarity Act. This move instantly ignited discussions in Washington.
What’s behind this? The issue of stablecoin yields has become the focal point. The exchange’s shift in attitude not only reflects the current market situation but also exposes the disagreements between regulators and the industry regarding the distribution of stablecoin rights.
This move has intensified the conflict. Supporters believe it will hinder the legislative process for the industry, while opponents see the potential value in stablecoin yields. Behind the policy swings, the future direction of the stablecoin market remains increasingly uncertain.