Just saw Circle's stock tanking 20% today and it's pretty clear what spooked the market. There's a new draft of the Clarity Act floating around that could seriously restrict stablecoin rewards programs, and investors are clearly worried about how that hits Circle's business model. The ban stocks are getting real attention in Washington, and it's showing up in real-time on the charts. What's interesting is how fast the market reacted to this legislative threat. The stablecoin space has been under scrutiny for a while, but this specific language around rewards seems to have caught people off guard. If this actually passes, it could reshape how companies like Circle operate in the US market. Worth keeping an eye on how other players in the space react over the next few days.

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