World Liberty Financial(worldlibertysol.com) (WLFI)

Some followers asked me: if the CLARITY Act is a negative for $CRCL, is it also a negative for USD1?

We need to explain a bit: the CLARITY Act restricts stablecoins that are compliant in the U.S. and the exchanges that are U.S.-compliant. Since #Coinbase is a compliant exchange in the U.S., Coinbase cannot directly subsidize CRCL.

However, the partner for USD1 is #Binance, which is not U.S.-compliant and even has no U.S. users—this is point one. Compared to CRCL, the impact is much lighter.

Second, the reward Binance gives for holding USD1 is not cash like Circle and Coinbase do; it is paid in the $WLFI token. Although the token is awarded for holding, it does not directly bypass the CLARITY Act.

Nevertheless, the CLARITY Act leaves a loophole: if WLFI is a “independently self‑subsidized” token by Binance, then for the issuer of USD1 it may not be deemed as paying interest.

Of course, the most important factor is CRCL’s main partners. If the partners are inherently non‑U.S. exchanges, there will still be some issues, but they are simpler than dealing with U.S. exchanges.

JUST IN: 🇮🇷🇨🇳 Iran demands ships transiting through the Strait of Hormuz to pay fees in crypto or Chinese yuan, Bloomberg reports.