17:I[1816,["/_next/static/chunks/04z5ebl5ipykg.js","/_next/static/chunks/0z03kinj3iws~.js","/_next/static/chunks/0q_eu9uy.j4j6.js","/_next/static/chunks/0dear35v0zvs..js","/_next/static/chunks/00lywe6mt0836.js","/_next/static/chunks/040p8xxj-qi9..js","/_next/static/chunks/0wub-u786xyri.js","/_next/static/chunks/0i~xt7rfc4sam.js","/_next/static/chunks/0a56bg6rnhday.js","/_next/static/chunks/16cr0ongqwp2q.js","/_next/static/chunks/0-vt8yhyshkki.js","/_next/static/chunks/0qeu9dl2qly7r.js","/_next/static/chunks/10-j7b6ejv-07.js","/_next/static/chunks/0gpk11o26kfma.js","/_next/static/chunks/13z_r5ued058..js","/_next/static/chunks/01rhij5vvqr5-.js","/_next/static/chunks/0hmbil60uyd6..js","/_next/static/chunks/0dzg2wgqq.a_w.js","/_next/static/chunks/14qxt~5on092k.js","/_next/static/chunks/0is5a.m9d~u_a.js","/_next/static/chunks/0j2om3bjr4st~.js","/_next/static/chunks/00640gxpl98rz.js","/_next/static/chunks/0rfdx4bqudwbc.js","/_next/static/chunks/14wzz3x4u6_fj.js","/_next/static/chunks/0tofbu8f3i0n8.js","/_next/static/chunks/006px2.7xfp2_.js","/_next/static/chunks/0xx5ygczx8-g~.js","/_next/static/chunks/1547pgw_1niq..js"],"default"] 18:T45c,flowchart TD A[CLARITY Act Compromise
May 1, 2026] --> B[Prohibits Passive Yield
on Stablecoin Balances] A --> C[Permits Activity-Based Rewards
Trading, Payments, Market-Making] A --> D[Carve-outs: Staking,
Collateral, Liquidity Provision] B --> E[Banks Protected
from Deposit Competition] C --> F[Circle / Coinbase
Business Model Preserved] D --> G[DeFi Protocols
Remain Viable] E --> H{Senate Banking
Committee Markup
Week of May 11} F --> H G --> H H -->|Pass| I[Full Senate Floor Vote] H -->|Blocked| J[Return to Negotiation] I --> K[GENIUS Act Framework
Extended to Market Structure] K --> L[Circle: Default Compliant
Issuer in $270B Market] K --> M[Tether: Must Restructure
or Exit US Market] K --> N[Bank Stablecoins:
High Compliance Cost Entry] K --> O[DeFi Liquidity Layers:
Activity Rewards Preserved] style A fill:#2563eb,color:#fff style L fill:#16a34a,color:#fff style M fill:#dc2626,color:#fff style N fill:#d97706,color:#fff style O fill:#7c3aed,color:#fff

CLARITY法案妥协方案引爆Circle单日16%涨幅——2700亿美元稳定币市场的监管转折点