{"id":77557,"date":"2026-03-24T19:46:33","date_gmt":"2026-03-24T19:46:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=77557"},"modified":"2026-03-24T19:46:33","modified_gmt":"2026-03-24T19:46:33","slug":"coinbase-circle-stocks-slide-after-senate-draft-targets-stablecoin-yield","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=77557","title":{"rendered":"Coinbase, Circle Stocks Slide After Senate Draft Targets Stablecoin Yield"},"content":{"rendered":"<div>\n<p><strong>Coinbase Global Inc<\/strong> <a class=\"ticker-link\" data-ticker=\"COIN\" data-exchange=\"NASDAQ\" href=\"https:\/\/www.benzinga.com\/quote\/COIN\" target=\"_blank\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/COIN\">COIN<\/a>) and <strong>Circle Internet Group Inc<\/strong> <a class=\"ticker-link\" data-ticker=\"CRCL\" data-exchange=\"NYSE\" href=\"https:\/\/www.benzinga.com\/quote\/CRCL\" target=\"_blank\" rel=\"noopener\">(NYSE:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/CRCL\">CRCL<\/a>) shares are trading sharply lower Tuesday afternoon after <strong>CoinDesk<\/strong> reported that the latest Senate draft of the CLARITY Act would bar companies from paying yield simply for holding stablecoin balances in trading or similar accounts, while allowing only narrow rewards programs that do not resemble interest-bearing bank deposits.<\/p>\n<p>Here\u2019s what investors <a href=\"https:\/\/www.benzinga.com\/quote\/CRCL\/news\">need to know<\/a>.<\/p>\n<ul class=\"wp-block-list\">\n<li>Coinbase Global shares are retreating from recent levels. <a href=\"https:\/\/www.benzinga.com\/quote\/COIN\" target=\"_blank\" rel=\"noreferrer noopener\">Why are COIN shares down?<\/a><\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Industry Insiders View Draft As Restrictive<\/h2>\n<p>CoinDesk also <a href=\"https:\/\/www.coindesk.com\/policy\/2026\/03\/23\/stablecoin-yield-in-crypto-clarity-act-won-t-allow-rewards-on-balances-latest-text-says\">reported<\/a> that the language was viewed by industry insiders as restrictive and unclear, with activity-based rewards still potentially allowed but balance-based rewards effectively &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/trading-ideas\/movers\/26\/03\/51443334\/coinbase-circle-stocks-slide-after-senate-draft-targets-stablecoin-yield?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Coinbase,\" circle stocks slide after senate draft targets stablecoin yield>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase Global Inc (NASDAQ:COIN) and Circle Internet Group Inc (NYSE:CRCL) shares are trading sharply lower Tuesday afternoon after CoinDesk reported that the latest Senate draft of the CLARITY Act would bar companies from paying yield simply for holding stablecoin balances in trading or similar accounts, while allowing only narrow rewards programs that do not resemble [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-77557","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/77557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77557"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/77557\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}