Travis Hoium

Yeah, I think it makes a lot of sense in a lot of ways, especially if you are trying to get to the IPO.

But it's just striking how many things they've tried that were supposed to be the future of technology, the future of artificial intelligence, and they just didn't really work out.

So we will see where OpenAI goes.

I'm sure we're going to be talking about this again soon.

When we come back, we're going to talk about crypto and what the future of stable coins looks like.

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Welcome back to Motley Fool Money with the Hidden Gems team.

Yesterday, we saw shares of Coinbase and Circle plunge.

I think Circle was actually down over 20%, at least one point.

And the reason was Congress is pushing through this Clarity Act, which is going to set the rules for stable coins.

And one of the things that's been on the docket is our crypto company is going to be able to offer rewards for holding stable coins.

This is something that Coinbase does on their platform.

If you have

usdc stable coins they'll pay you i think it's three and a half percentage points right now as as a reward for that so looks a little bit like interest on a bank account even though it's a little bit different than that but this would make that illegal lou and the interesting thing here is

this would make it maybe a little less attractive to be holding those stable coins in an account like Coinbase.

But if you do still hold them and you don't really care about that 3.5% because it's a more efficient payment method or whatever your logic is, this is actually going to make companies like Coinbase more profitable because they're not going to have that rewards expense.

So it's sort of an interesting reaction from the market.

Stocks are down, but at least short term, Coinbase should make more money because of this ruling if it ends up passing.

Yeah, I keep thinking that life comes at you fast when I see this.

Sure, Travis.