I guess the final result of the clarity bill will be: USDC will not be allowed to pay any form of yield to users, like CEX financial products, DeFi, etc. USDT, on the other hand, will not be under jurisdiction. Bearish for Circle and Coinbase. Bullish for Bitcoin and USDT, as funds will flee from USDC on a large scale. It's coming soon, just wait for March 1st.