Circle (CRCL) Crashes Below $100 After Senate Revises Crypto Bill To Ban Stablecoin Rewards
Circle Internet Financial, the issuer behind the USDC stablecoin — the second-largest dollar-pegged cryptocurrency — noticed its inventory, CRCL, tumble 22% on Tuesday to $98 as lawmakers reportedly moved to tighten guidelines round stablecoin yields. The selloff adopted stories {that a} revised draft of the Senate Banking Committee’s CLARITY Act would broadly prohibit platforms from…
