Why Circle Internet Group Stock Was Crushed Today

Key Points The Clarity Act isn't quite dead yet, but it sure isn't looking very healthy. The proposed law would have knocked down one form of competition for Circle. 10 stocks we like better than Circle Internet Group › A significant legislative defeat negatively affected cryptocurrencies and cryptocurrency stocks alike on Tuesday. One of the latter that really took it on the chin was top stablecoin developer Circle Internet Group (NYSE: CRCL) . The company's stock wasn't a top pick for most investors, as it plummeted more than 11% that trading session.