CLARITY Act Draft Leaks, Circle Stock Crashes 20% and Loses $5.6 Billion Overnight

The post CLARITY Act Draft Leaks, Circle Stock Crashes 20% and Loses $5.6 Billion Overnight appeared first on Coinpedia Fintech News Shares of Circle Internet Group Stock (CRCL), the issuer of USDC, dropped nearly 20%, closing at $101.17 from $126.64. The fall wiped out $5.6 billion in market value. Coinbase shares also fell 11% on the news. The decline was allegedly linked to a leaked CLARITY Act Draft, which hinted at banning passive rewards on stablecoin …