‘White-Haired Stock God’ Serenity warns that the Clarity Act harms crypto innovation Serenity @aleabitoreddit posted, calling out Coinbase $COIN, Robinhood $HOOD, and other crypto-related stocks, which collectively weakened today, with $HOOD dropping over 6% in a single day. He believes that if the Clarity Act ultimately moves forward in the direction lobbied by banks—banning yield products and restricting competition between crypto and traditional finance— the narratives of so-called ‘friendly governments’ and ‘strategic reserves’ will take a major hit.