Circle Internet Financial, the issuer behind the USDC stablecoin — the second-largest dollar-pegged cryptocurrency — saw its stock, CRCL, tumble 22% on Tuesday to $98 as lawmakers reportedly moved to tighten rules around stablecoin yields. The selloff followed reports that a revised draft of the Senate Banking Committee’s CLARITY Act would broadly prohibit platforms from…
View More Circle (CRCL) Crashes Below $100 After Senate Revises Crypto Bill To Ban Stablecoin Rewards
No progress has been made recently on the delayed CLARITY Act, the crypto market structure bill, primarily due to opposition from the banking sector over stablecoin rewards. Despite this stalemate, White House Crypto Advisor Patrick Witt has been vocal in advocating for the bill’s passage. Witt Calls Out Banks For Undermining Crypto Progress In a…
View More White House Crypto Advisor Denounces Attempts To Sabotage CLARITY Act’s Goals
In a report published Thursday, Reuters said the long-anticipated crypto market structure legislation, known as the CLARITY Act, may be at risk of not being signed into law in 2026. The uncertainty comes as opposition from the banking sector intensifies, particularly over key provisions tied to stablecoin regulation. Deadlock In Crypto Legislation Per the report,…
View More Bank Resistance Puts 2026 Passage Of Crypto Market Structure Bill In Doubt, Reuters
Although final passage of the CLARITY Act—commonly referred to as the crypto market structure bill —has been delayed in Congress, some experts believe its eventual approval could unleash an unprecedented wave of capital into the crypto sector. Trillions On Hold In a recent post on X (previously Twitter), the expert known as 360Trader argued that…
View More Expert Forecasts $5 Trillions Pouring Into Crypto Post CLARITY Act Passage