US Stock Movement | Cryptocurrency Concept Stocks Plummet Collectively, Circle(CRCL.US)Drops Over 17%

LootboxPhobia · 2026-03-25T01:19:46+00:00

On Tuesday, cryptocurrency stocks fell broadly, with Circle dropping more than 17%. According to reports, a revised version of the Senate's Digital Asset Market Clarity Act will restrict stablecoin yields, triggering market reaction. The bill faces multiple obstacles in advancement, including coordination of DeFi regulatory frameworks and provisions prohibiting officials from profiting from the crypto industry.

LootboxPhobia

2026-03-25 01:19:46

Abstract generation in progress

According to Tonghuashun Finance APP, on Tuesday, cryptocurrency concept stocks collectively plummeted, with Circle (CRCL.US) dropping over 17%, Coinbase (COIN.US) and Bullish (BLSH.US) falling more than 7%, MARA Holdings (MARA.US) and Robinhood (HOOD.US) declining over 4%. On the news front, it was reported that industry practitioners in the crypto sector saw the latest provisions regarding stablecoin yields for the first time in a revised version of the Senate’s Digital Asset Market Clarity Act during a closed-door hearing on Capitol Hill in Washington on Monday. A person familiar with the current draft revealed that the new provisions would prohibit earning yields solely from holding stablecoins, restrict practices that equate such plans with bank deposits, and impose further restrictions on other potentially permissible activities, though the specific criteria for activity-based stablecoin rewards remain unclear.

This closed-door review aims to advance the Senate Banking Committee’s scheduling of a hearing, marking an important step toward a full Senate vote on the bill. The bill’s progress still faces other obstacles: parties need to reach consensus on a DeFi regulatory framework, and Democrats insist on including a clause that prohibits senior government officials from profiting personally from the crypto industry, which explicitly targets President Trump.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.