F***，the sky is really falling‼️

This time the U.S. Congress is taking action.
Circle dropped 20% in a day, completely collapsed.
Coinbase also fell 8 points.
This isn't a company problem at all.
The new bill from Congress directly prohibits stablecoin platforms from paying you interest.
Previously, if you held USDC in your account,
you could earn yield without doing anything,
but in the future this path may no longer be available.
Circle's essence is issuing USDC,
using everyone's money to buy U.S. Treasury bonds to earn interest,
then distributing to Coinbase and returning to users,
attracting massive capital through high yields.
Circle previously surged more than double,
everyone was chasing the highs like crazy,
then regulatory cold water was poured down,
everyone started running and the stock price completely crashed.
Stablecoin regulation is the biggest thing this year.
If they really prohibit yield-earning on stablecoins,
in the future it will basically be impossible to earn passive income through stablecoins,
the entire industry's game will have to change.
It's necessary to choose other financial products and platforms
like @TermMaxFi and some mainstream exchanges!