中文翻译
主要需关注的是《清晰法案》(CLARITY act) 及其对收益的监管限制。这可能是 $CRCL 最大的看空论点，涉及交易所利用漏洞为 USDC 存款提供利息。若叠加降息与供应减少，将对 Circle 造成重创。但监管始终是加密货币领域的悬顶之剑。
· 个股论点
CLARITY法案监管风险是CRCL最大看空因素。
涉及标的： $CRCL
英文原文
The main thing to look out for is CLARITY act and regulating away any yield. Probably the biggest bear case for $CRCL regarding loopholes exchange use to give interest for USDC deposits. If you combine that with rate cuts + lower supply,then that hurts Circle a lot. But regulation is always one of the overhangs with crypto.