Circle Stock Jumps 20% to $119.53 as Tillis Deal Pushes Clarity Act Forward
15 Articles
15 Articles
CLARITY Act Reaches Stablecoin Yield Compromise — Senate Vote Could Come as Early as June – CryptoGazette
After months of deadlock, Senate negotiators have cracked the stablecoin yield problem. Lawmakers reached a bipartisan compromise over the weekend that updates the Digital Asset Market CLARITY Act — removing the final major obstacle standing between the industry and America’s first comprehensive crypto market structure law. Circle surged nearly 20% on Monday. Coinbase gained 6.1%. And Bitcoin, which crossed $80,000 over the weekend for the first…
Circle Shares Jump 20% as Lawmakers Reach Stablecoin Deal
Circle Internet Group’s stock jumped nearly 20% on Monday after two US senators announced a bipartisan compromise on one of the most contentious issues holding up federal crypto legislation. The deal, months in the making, drew loud opposition from the banking industry within hours of its release. Lawmakers Push Stablecoin Compromise Despite Bank Resistance In posts published on X on May 5, Senator Thom Tillis said he and Senator Angela Alsobroo…
Stablecoin News: Reserves Drop $4B as Clarity Act Nears Vote
Key Insights Stablecoin news: Exchange reserves fell from $70.37 Billion to $66.37 Billion. Senate negotiators agreed on a stablecoin yield compromise ahead of markup. The Clarity Act gained support from Coinbase and industry groups. Stablecoin news focused on liquidity shifts and regulatory progress in early May 2026 as exchange balances declined while U.S. lawmakers advanced a key policy deal. Stablecoin reserves on trading platforms fell by …
Circle Stock Jumps 20% to $119.53 as Tillis Deal Pushes Clarity Act Forward
Circle shares surged nearly 20% on May 4, closing at $119.53, after U.S. Senators Thom Tillis and Angela Alsobrooks reached a bipartisan compromise on the CLARITY Act’s stablecoin rewards language. Key Takeaways Tillis and Alsobrooks reached a May 4 deal to ban stablecoin rewards functioning like bank interest. Circle (CRCL) stock surged nearly 20% to […]
CLARITY Act Nears Markup as Stablecoin Yield Compromise Finalized
The CLARITY Act yield compromise was finalized, signaling the bill is near passage. Issuers are banned from offering interest-like returns, but activity-based rewards are allowed. Banks warn of a 20% impact on lending; lawmakers proceed without changes. Senator Cynthia Lummis said the latest version of the CLARITY Act is close to completion after months of negotiation. She stated the finalized bipartisan text indicates a compromise on stablecoin…
Top Crypto Stocks on May 5 as CLARITY Act Drives Uneven Rally
Key Takeaways Circle leads with 20% single-day gain. Coinbase closes above $200 for first time. CLARITY Act drives stablecoin stock surge. Bitcoin above $80,000 lifts miners. Strategy reports earnings today at 5PM. Circle and Coinbase earnings due this week. Five Stocks, Three Different Catalysts The top five performing crypto-linked stocks on May 5 look like a uniform sector rally from the outside. They are not. Circle gained 19.89%. Coinbase …
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