Circle Internet Shares Fall 4.7% Ahead of Senate Vote on Crypto Legislation

Circle Internet Group (NYSE:CRCL) shares fell 4.7% to $92.81 in premarket trading on Tuesday ahead of a scheduled US Senate procedural vote on the Digital Asset Market Clarity Act.

The decline followed Monday's closing price of $97.42. The Senate is scheduled to hold a cloture vote at 2:15 p.m. ET, with 60 votes required for the legislation to advance.

The proposed legislation would establish a regulatory framework for digital assets, including provisions affecting stablecoins.

CLARITY Act Provisions Remain in Focus

Circle shares had gained approximately 4% on September 14 after Senate Republicans released revised text of the legislation.

According to the supplied information, outstanding areas of disagreement include ethics provisions, liability for decentralised finance developers and restrictions related to stablecoin yields.

The stablecoin provisions are particularly relevant to Circle because reserve income represents a significant component of its business model.

Prediction-market odds for passage of the legislation have declined from above 80% earlier in 2026 to approximately 16%, according to the supplied data. Prediction-market probabilities can change rapidly and do not determine the outcome of the Senate vote.