Circle Surges 16% as Crypto Legislation Compromise Preserves Stablecoin Rewards
Shares of Circle surged 16% following a compromise in the CLARITY Act, which preserves stablecoin reward programs under certain conditions. The updated legislation restricts crypto companies from offering savings account-like interest on passive stablecoin deposits but allows rewards tied to usage such as trading or staking. Coinbase and other crypto firms also saw gains.
Topics: Circle CLARITY Act Coinbase crypto regulation financial infrastructure stablecoins