Suh-ho: If the CLARITY Act is passed, or the Air Circle and USDC

On 23 July, a research report released by Bank Swe ' s analyst on 22 July indicated that if the CLARITY Act were to become law, it could constitute a long-term profit for Circle and its USDC stabilization currency. The team of analysts, Dan Dolev, believed that the regulatory certainty created by the Act would attract more institutional competitors to the stable currency market, accelerate the process of stabilizing the currency and eventually erode the income of Circe. Until then, Circe has been downgraded for the Open USD project. Open USD, launched by more than 140 financial, technological and encryption enterprises such as Visa, Mastercard, Stripe, BlackRock and Coinbase, uses the “right-to-hand” model to allocate the bulk of the reserve revenues to distributors with a small management fee. In contrast, Circle retains approximately 38 per cent of the reserves of the USDC and shares them with partners such as Coinbase and Currency. Suh-ho also noted that Coimbase, as the largest distributor of USDC, may have gained greater bargaining space in the next round of negotiations on the share of proceeds with Circle because of its endorsement of Open USD, and that the agreement between the parties could be renegotiated as soon as possible next month. On the same day, the CARITY Act took a step forward in legislation, and the Republican Party published an updated version, which is expected to be submitted to the Senate for vote as soon as possible next week, but the controversy over the ethical clause may still affect its eventual adoption。