Gate Research: White House Targets Passage of the Clarity Act Before July 4, Circle’s USYC AUM Surpasses $3 Billion

Gate Research Daily Report: Over the past 24 hours, Bitcoin has shifted from elevated levels into a stepwise decline, with limited short-term rebound momentum. Ethereum has shown even stronger bearish dominance than BTC. KAIO surged nearly 200% in a single day, driven by its new token listing and the RWA narrative, while LAB experienced a sharp rebound amid low circulating supply and capital-driven speculation. Meanwhile, Venice Token continued attracting market attention due to momentum surrounding privacy-focused AI and the Base ecosystem. A compromise has reportedly been reached regarding stablecoin yield provisions, while the White House aims to push the passage of the Clarity Act before July 4. In addition, Wall Street clearing giant DTCC is collaborating with multiple Layer 1 blockchains to move corporate actions such as dividend distribution on-chain. Circle’s USYC assets under management have surpassed $3 billion, making it the world’s largest tokenized money market fund.