Family, big trouble! Over on Big Pretty’s side, they just dropped a regulatory nuclear bomb, and the “interest” we’re holding might be gone.
$BTC
This is directly smashing the stablecoin cash-cow. The core of the bill is basically one sentence: as long as the money just sits there doing nothing, you are absolutely not allowed to earn “passive returns.” Anything like demand-deposit wealth management or earning interest on stored coins is all counted as violations. Regulation is about drawing a red line: you’re not a bank deposit—don’t expect to attract deposits or earn interest.
But the Americans haven’t blocked the whole road. They specifically left a loophole: rewards are allowed, but only if you “use” the coins—like trading or providing liquidity. As for exactly how it’s calculated, the details are still pretty vague.
The market got scared and tanked right away. On the day the draft leaked, the stock price of USDC issuer Circle instantly plunged by 26%, and Coinbase also fell by 11%. The reaction is too real—after all, many platforms’ profits are basically made by skimming the “interest” edges. Now this trick is being shut down directly.
Put simply: stablecoins with market caps of hundreds of billions, the Americans are afraid it will hollow out the banks—so now they want to fully “absorb and bring them under control.” The Digital Chamber of Commerce also said this text can push the review forward, but whether it can clear the hurdle before the midterm elections is still hard to say.
#Polymarket每日热点 Clear Bill
Do you think this is a beating that’s “de-bank-ifying” people, or is it protection for retail investors’ fund safety? Talk about your take in the comments—this round, I’m with the retail crowd.
$BTC
This is directly smashing the stablecoin cash-cow. The core of the bill is basically one sentence: as long as the money just sits there doing nothing, you are absolutely not allowed to earn “passive returns.” Anything like demand-deposit wealth management or earning interest on stored coins is all counted as violations. Regulation is about drawing a red line: you’re not a bank deposit—don’t expect to attract deposits or earn interest.
But the Americans haven’t blocked the whole road. They specifically left a loophole: rewards are allowed, but only if you “use” the coins—like trading or providing liquidity. As for exactly how it’s calculated, the details are still pretty vague.
The market got scared and tanked right away. On the day the draft leaked, the stock price of USDC issuer Circle instantly plunged by 26%, and Coinbase also fell by 11%. The reaction is too real—after all, many platforms’ profits are basically made by skimming the “interest” edges. Now this trick is being shut down directly.
Put simply: stablecoins with market caps of hundreds of billions, the Americans are afraid it will hollow out the banks—so now they want to fully “absorb and bring them under control.” The Digital Chamber of Commerce also said this text can push the review forward, but whether it can clear the hurdle before the midterm elections is still hard to say.
#Polymarket每日热点 Clear Bill
Do you think this is a beating that’s “de-bank-ifying” people, or is it protection for retail investors’ fund safety? Talk about your take in the comments—this round, I’m with the retail crowd.
