Circle stock plunges 18%, Coinbase drops 8% on March 24, 2026 as new Clarity Act draft threatens to ban stablecoin interest rewards by restricting economically equivalent yield payments.

CRCL, COIN news: Circle, Coinbase tumbles as regulators move to ban interest on stablecoins

Circle stock plunges 18% as a new draft of the Clarity Act threatens stablecoin rewardsThe latest version of the Clarity Act is pressuring stocks as it would restrict stablecoin rewards.Updated Mar 24, 2026, 4:47 p.m. Published Mar 24, 2026, 4:09 p.m. Stablecoin issuer Circle's (CRCL) shares tumbled on Tuesday, after a draft version of U.S. stablecoin legislation raised concerns about limits on yield.The stock of the USDC issuer fell as much as 18% in the early U.S. session, snapping a weeks-lon...