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Circle CRCL Stock Plummets 18% as USDC Stablecoin Issuer Faces Regulatory Blow from Clarity Act

Circle CRCL Stock Plummets 18% as USDC Stablecoin Issuer Faces Regulatory Blow from Clarity Act

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2026-03-24 17:54:01

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USDC Stablecoin Issuer Circle CRCL Stock Falls 18%: Here’s Why

Circle's stock (CRCL) crashed 18% on Tuesday after executives learned the revised Senate crypto market structure bill would effectively ban yield on stablecoin holdings. The Clarity Act's latest version prohibits platforms from offering rewards that resemble bank deposits on customer stablecoin balances, delivering a severe blow to the business model of the USDC issuer and sending shockwaves through crypto-related equities.

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