Circle Internet (CRCL) Stock Falls 5% as Senate Vote Puts Crypto Rally at Risk
TLDR
- CRCL dropped 4.7% in pre-market trading, pulling back from Monday’s close of $97.42 to $92.81
- The Senate is set to vote on the Digital Asset Market Clarity Act at 2:15 PM ET, requiring 60 votes to pass
- Passage odds have fallen from above 80% earlier in 2026 to around 16-19%
- Goldman Sachs raised its price target on CRCL to $92 but kept a Neutral rating
- Ark Invest sold roughly $13.8 million worth of CRCL on Monday as the stock was still rallying
Circle Internet Group (CRCL) stock is dropping in pre-market trading Tuesday, reversing the gains it made just a day earlier. The stock fell 4.7%, moving from Monday’s close of $97.42 down to $92.81.
Monday’s rally was fueled by optimism after Senate Republicans released the final revised text of the Digital Asset Market Structure Clarity Act. That pushed CRCL up around 4% as investors bet on a regulatory breakthrough for digital assets, including stablecoins.
That optimism has cooled fast.
The Senate is scheduled to hold a cloture vote at 2:15 PM ET Tuesday on the Clarity Act. The procedural step requires 60 affirmative votes to move forward, and analysts say that bar is getting harder to clear.
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