I noticed that Circle's stock dropped about 20% after the new Clarity Act bill was introduced. It seems that policymakers still haven't figured out how to regulate stablecoins, and this scared investors.

Overall, this is an interesting point. The Clarity Act was supposedly meant to clarify the rules for stablecoins, but it looks like it contains language that threatens staking rewards or fees related to these instruments. Since Circle actively works with stablecoins through USDC, they are among the first affected.

The market clearly did not expect such a turn. When lawmakers start threatening the income of companies working with stablecoins, investors immediately start selling. It will be interesting to see how this impacts other players in this segment. We need to keep an eye on how the situation develops because stablecoin regulation is currently one of the key issues for the entire crypto market.