Clarity Act’s impact on Circle could be negative over the long term, Mizuho says

The Clarity Act is advancing towards law, with Republicans releasing its latest text on Wednesday, potentially impacting Circle's long-term prospects negatively, according to Mizuho. This development could have a ripple effect on the stablecoin market, where Circle plays a significant role, particularly with USDC, the second-largest stablecoin by market capitalization, currently valued at around $44 billion.