ARK Invest sells 142K Circle shares, CRCL falls 8% ahead of CLARITY Act vote
- —ARK Invest sold 113,369 CRCL shares through ARKK and 28,981 through ARKW
- —CRCL fell 8% to $89.56 but remains up 25% over the month
- —COIN declined 5% to $181.06, BMNR fell 5% to $24.38
- —IBIT dropped 3% to $43.26, while the S&P 500 fell only 0.5%
Why it matters: The CLARITY Act could legalize stablecoins but also open the market to banks with cheap funding — a direct risk to Circle's business.
Source: Yahoo Finance Crypto