🧿 Clarity Is the Real Catalyst What happened here matters because the market is finally pricing legal visibility instead of just narrative. Circle’s 20% move feels less like a meme burst and more like a re-rating of a business that had been trapped behind regulatory fog. 🧲 I think this is constructive for the whole stablecoin stack, because lower legal ambiguity changes how capital underwrites the space. The bull case is straightforward: clearer rules make stablecoin yields easier to defend, and that can unlock more durable participation from institutions. The bear case is that “clarity” can still come with fine print, and fine print has a nasty habit of shrinking the upside after the first wave of enthusiasm. 👁️‍🗨️ My read: this is the kind of policy shift that quietly changes the floor beneath the market, and that usually matters more than the headline pop. #Stablecoins #CryptoPolicy #BTC