Circle’s stock price dropped nearly 10% after news broke that a key crypto bill review in the Senate was delayed. Investors immediately linked the downturn directly to the legislative setback, sparking considerable discussion online.
The primary market reaction stems from heightened regulatory uncertainty. This uncertainty has shaken investor confidence across the stablecoin sector.
The legislative news adds to existing bearish sentiment fueled by recent insider selling. Debates are ongoing regarding whether the stock will rebound or face further declines amid the policy hurdles.