Crypto stocks jump after lawmakers struck a compromise on the CLARITY Act, preserving stablecoin rewards under certain conditions; Circle's stock closed up ~20%

Shares of Circle surged after lawmakers over the weekend struck a compromise on the market structure bill known as the CLARITY Act …

CNBC 2026-05-05 Tanaya Macheel

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@faryarshirzad Faryar Shirzad on x
The final rewards text in the CLARITY Act is now public. We've been clear throughout this process: much of this debate was based on imagined risks, not real evidence, nor was it based on a real understanding of how crypto actually works. Nevertheless, the crypto industry showed
@brian_armstrong Brian Armstrong on x
Mark it up
@senlummis Senator Cynthia Lummis on x
This finalized, bipartisan text is the culmination of months of hard work to deliver a compromise on yield we can all live with. We are closer than ever to getting the Clarity Act across the finish line.
@senlummis Senator Cynthia Lummis on x
The digital asset industry has waited long enough. Businesses are making decisions where to build RIGHT NOW, and without clear rules, too many will go overseas. We must get Clarity done now. America's financial future depends on it.
@chairmanselig Mike Selig on x
The US is leading in digital assets, but lasting leadership requires legislation. We are all hands on deck to get CLARITY across the finish line and build a future-proof framework that supports innovation and solidifies America as the crypto capital of the world. Watch: [video]
@wesleyjmattox @wesleyjmattox on x
Odds of the CLARITY Act passing jumped up on Friday and is helping $CRCL the past couple of days. Roy and I initiated a position Friday and are averaging up today. We hate “chasing” the stock, but we're averaging in, it's above its 200-day moving average for the first time ever
@_10delta_ @_10delta_ on x
Clarity Act is now poised to accelerate the “Bretton Woods 3.0” framework that I've talked about. The yield “ban” is cosmetic & simply something for banks to tout as a victory. It bans stablecoins from paying you interest for just holding them: the way a savings account does.

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Crypto stocks jump after lawmakers struck a compromise on the CLARITY Act, preserving stablecoin rewards under certain conditions; Circle's stock closed up ~20%

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