Crypto

Five obstacles to U.S. CLARITY bill, from Trump controversy to stablecoin interest

The U.S. Congress’ cryptocurrency bill known as the CLARITY Act faces at least five hurdles beyond the question of interest on stablecoins, an analysis said. TD Cowen pointed to vacancies at the CFTC, efforts to fold prediction markets into the bill, controversy over a Trump family-linked crypto project, pressure to tighten AML and Bank Secrecy Act provisions, and the possible attachment of a credit card competition bill. Stablecoin interest remains unresolved.

Crypto

Circle shares rise, Coinbase falls as crypto-related stocks diverge

Circle\'s share price has risen about 30 percent so far this year, the highest return among listed companies linked to cryptocurrencies. Its market value stood at $25.7 billion based on the April 18 close, while Coinbase fell 10 percent over the same period. Circle has benefited from expanding USDC supply and a larger reserve asset base. Coinbase has been hit by slowing volumes and lower fee revenue, and other income streams have not fully offset the weakness.