Circle Internet Shares Drop 8% Ahead of U.S. Senate Vote on Digital Asset Market Clarity Act

Circle Internet Group's stock fell by 8% to $89.56 during midday trading on September 15, 2026, following a significant sell-off by ARK Invest. The investment firm sold over 142,000 shares of Circle Internet across its ARK Innovation ETF and ARK Next Generation Internet ETF, marking it as the largest dollar-weighted crypto-related sale for the session. This decline comes despite a 25% increase in Circle's stock over the past month, indicating that today's drop is a partial reversal rather than a new low.

In addition to Circle Internet, shares of Coinbase Global and Bitmine Immersion Technologies also experienced declines of 5%, trading at $181.06 and $24.38 respectively. The downturn in these stocks is attributed to the impending procedural vote in the U.S. Senate on the Digital Asset Market Clarity Act, which could potentially open stablecoin markets to competition from better-funded banking institutions. This legislative move poses both opportunities and challenges for existing stablecoin issuers like Circle Internet.

The Senate's vote on the Clarity Act is seen as a double-edged sword. While it could provide regulatory clarity beneficial to stablecoin issuers, it also paves the way for bank-issued stablecoins that may have lower funding costs and established customer bases. The uncertainty surrounding the vote's outcome adds to the volatility of Circle Internet's stock, which is facing unique selling pressure from ARK Invest's recent actions. Investors are advised to monitor the situation closely as the market reacts to the Senate's decision.

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Source: KLEA News