US Stocks Movement | Cryptocurrency-related Stocks Plunge as a Group, Circle (CRCL.US) Drops Over 17%

According to reports, on Monday, cryptocurrency industry practitioners saw for the first time the latest provisions concerning stablecoin yields in the revised version of the Senate's "Digital Asset Market Structure Bill" during a closed-door hearing on Capitol Hill in Washington. According to a person familiar with the current draft, the new provisions will prohibit earning yields solely from holding stablecoins, restrict any practice that equates the program with bank deposits, and impose further limitations on other potentially permissible activities. The specific mechanism for recognizing activity-based stablecoin rewards remains unclear.