Crypto-linked stocks drop after Senate fails to advance CLARITY Act
Circle and Coinbase shares fell about 10% after the US Senate failed to advance the CLARITY Act. American Bitcoin slid about 8%, while Strategy and Strive declined about 5%.
Crypto-linked stocks fell sharply on Tuesday after the US Senate failed to advance the CLARITY Act. Circle and Coinbase were down about 10%. Bitcoin treasury companies also came under pressure, with American Bitcoin falling around 8%, while Strategy and Strive each declined about 5%, according to the source.