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0.000340665758224611 0.000924664200895453 -0.00389332295113885 -0.00525598598403744 -0.00175199532801252 0.00330932450846787 -0.0152812925832198 -0.0152812925832198
Stock impact report

Circle stock sinks 20% over reports that Clarity Act could restrict stablecoin rewards [Yahoo! Finance]

Circle Internet Group, Inc. Class A (CRCL) 
Company Research Source: Yahoo! Finance
Circle ( CRCL ) stock tanked as much as 20% on Tuesday in its biggest intraday drop on record over reports that proposed legislation in Congress could restrict rewards on stablecoin balances. Trading platform Coinbase ( COIN ), a Circle partner that receives revenue from the stablecoin issuer, also sank 8% during the session. According to an internal stakeholder cited by Crypto America , the Clarity Act proposal would prohibit platforms from offering yield “directly or indirectly” for holding a stablecoin in a manner that resembles a bank deposit. Bank representatives were set to review the text on Tuesday, according to the report. The bill, which aims to lay out rules for which federal agency oversees what portions of the crypto markets, has struggled to pass through Congress. NYSE - Nasdaq Real Time Price • USD Circle Internet Group (CRCL) Follow View Quote Details As of 2:49:39 PM EDT. Market Open. CRCL COIN HOOD Advanced Chart A key point of contenti Show less Read more
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