Coinbase, Circle Drop 10% After CLARITY Act Vote

Coinbase, Circle Drop 10% After CLARITY Act Vote

Circle and Coinbase shares fell about 10% as the failed Senate vote weighed on crypto-linked equities, with Bitcoin miners and treasury companies also declining.

Bitcoin, BTC-Related Stocks Tumble After Senate Blocks Clarity Act

Bitcoin’s price tumbled — along with crypto-related stocks — following the blockage of the long-awaited Clarity Act.  The price of the leading cryptocurrency recently stood at $75,939, down 4% over the past day, after dropping as low as $75,038 at one point on Tuesday.  Lawmakers blocked the landmark digital asset market structure bill in a procedural vote Tuesday. Major companies in the digital asset space have long called for clear rules to be…

Crypto stocks slide after CLARITY Act fails to advance in Senate

Circle and Coinbase shares fell about 10% as the failed Senate vote weighed on crypto-linked equities, with Bitcoin miners and treasury companies also declining.