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Breaking news! The final sprint on the U.S. stablecoin bill! Coinbase’s boss nodded yes, and the Senate is stuck at the last step!
$BTC
Brothers, something big has finally started to show signs of progress. The White House has just let it be known—after causing a six-month runaround, that “Digital Markets Clarity Act” finally cleared the “stablecoin yield” minefield!
White House adviser Patrick Witt has said it outright: the back-and-forth between the two parties over whether stablecoins can earn interest went on for months, and now a compromise plan has been secured. To put it simply: if you just leave your money sitting in your wallet and do nothing, there’s no interest; but if you use it for payments or to do transactions/interactions, the platform can give you incentives. This move is pretty sneaky—it shuts traditional banks up and also keeps big players like Coinbase happy. No wonder CB’s CEO was yelling earlier, and then immediately followed up with the “so true” likes right after.
But! Don’t rush to pop the champagne yet.
Right now, the bill is stuck at the Senate’s doorstep—the gate of “Mark Hearing” is still not passed. If it can’t push through again by late April, the legislative benefits for this bull market will basically be gone, because the other side will start getting busy with the midterm elections again.
#今日你看涨还是看跌?
To be honest, the big framework is basically set; what’s left is whether those old stubborn banks will finally approve it or throw up obstacles at the last moment. The spot holdings in your hands—are you planning to cash them in while this news is fresh, or are you betting on taking one more shot to push through successfully? I’ll see how many people in the comments are still thinking in the bigger picture.