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Circle Internet stock drops 8% as ARK Invest cuts stake ahead of Senate vote on crypto clarity

Market News
15 Sep 2026
24/7 Wall Street
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Bearish
Circle Internet stock drops 8% as ARK Invest cuts stake ahead of Senate vote on crypto clarity

Circle Internet's stock fell 8% after ARK Invest significantly reduced its holdings ahead of a U.S. Senate procedural vote on the Digital Asset Market Clarity Act. This legislation could either benefit or challenge Circle by legitimizing stablecoins but also allowing bank-issued competitors. Other crypto stocks like Coinbase and Bitmine also declined but less sharply. The stock's near-term movement depends on the vote outcome and further ARK disclosures, with broader market impact limited as the S&P 500 dipped only slightly.

Coinbase shares trade at USD 179.70 on Pluang, down 6.14% as of Sep 15, 2026 23:51 WIB. The stock remains well below its 52-week high of USD 387.27. Market cap stands at $50.51 billion, reflecting ongoing investor caution amid regulatory developments affecting crypto firms like Circle and Coinbase.

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