{"id":72087,"date":"2026-05-05T16:05:39","date_gmt":"2026-05-05T16:05:39","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/circle-stock-jumps-20-to-119-53-as-tillis-deal-pushes-clarity-act-forward\/"},"modified":"2026-05-05T16:05:39","modified_gmt":"2026-05-05T16:05:39","slug":"circle-stock-jumps-20-to-119-53-as-tillis-deal-pushes-clarity-act-forward","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/circle-stock-jumps-20-to-119-53-as-tillis-deal-pushes-clarity-act-forward\/","title":{"rendered":"Circle Stock Jumps 20% to $119.53 as Tillis Deal Pushes Clarity Act Forward"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><strong>Key Takeaways<\/strong><\/p>\n<ul>\n<li>Tillis and Alsobrooks reached a May 4 deal to ban <span>stablecoin<\/span> rewards functioning like bank interest.<\/li>\n<li>Circle (CRCL) stock surged nearly 20% to $119.53 as the market reacted to the bipartisan CLARITY Act update.<\/li>\n<li>Regulators will now draft a new disclosure regime for Circle and others before a Senate markup in May 2026.<\/li>\n<\/ul>\n<h2>Stock\u2019s YTD Gains Hit 50%<\/h2>\n<p>Shares of <span>stablecoin<\/span> issuer Circle (CRCL) jumped nearly 20 percent on May 4, just days after U.S. Sens. Thom Tillis, R-N.C., and Angela Alsobrooks, D-Md., reached a compromise on the wording around <span>stablecoin<\/span> rewards in the CLARITY Act. Market data show that CRCL, which closed Friday at around $100, ended Monday trading at $119.53, a 19.89 percent increase.<\/p>\n<p><\/p>\n<p>The rally continued into overnight trading, with the stock adding another $6.18\u2014a gain of 5.21 percent\u2014to reach $125.83. Before Monday\u2019s surge, the stock had climbed from $91.27 amid optimism that the Senate would reach a bipartisan agreement on the wording. While the stock remains significantly below its March 18 peak of $132.84, the surge brought Circle\u2019s year-to-date gains to just over 50 percent.<\/p>\n<p>As widely reported, the agreement reached by Tillis and Alsobrooks introduces a <a href=\"https:\/\/news.bitcoin.com\/occ-stablecoin-yield-ban-could-hit-distribution-partners-consensys-says\/\">broad prohibition<\/a> on offering <span>stablecoin<\/span> rewards in a way that is \u201ceconomically or functionally equivalent\u201d to interest paid on traditional bank deposits. The provision is intended to draw a clearer line between <span>cryptocurrency<\/span> products and regulated banking services.<\/p>\n<p>The agreed-upon text reportedly directs federal regulators to develop a new disclosure regime for <span>stablecoins<\/span> and create a specific list of \u201cpermissible reward activities.\u201d While the compromise is viewed as a major step forward, banking industry lobby groups, which have opposed provisions allowing yield on <span>stablecoin<\/span> holdings, issued a statement asserting the fix falls short.<\/p>\n<p>The lobby groups repeated their argument that allowing <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> issuers and <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">cryptocurrency<\/a> exchanges to indirectly offer what amounts to interest will inevitably lead to the \u201cdeposit flight\u201d they have long warned of.<\/p>\n<p>\u201cOvertly incentivizing the idle holding of payment <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a> for extended periods of time, and for specific balances, would negate the goals of the upfront prohibition (to deter deposit flight) while tying rewards directly to how much\/long customers hold payment <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a> in wallets or exchanges,\u201d the lobby groups said in a joint statement.<\/p>\n<p>The groups added that they would provide suggestions to lawmakers in the coming days to strengthen the proposed language.<\/p>\n<p>However, in an apparent response to reports that banking groups were dissatisfied with the latest compromise, Tillis insisted the proposed wording \u201cis a substantially improved, consensus-based product.\u201d He added that the compromise helps move the CLARITY Act <a href=\"https:\/\/news.bitcoin.com\/stand-with-crypto-calls-for-urgent-senate-action-on-clarity-act\/\">forward<\/a> and suggested the window for further negotiations has closed.<\/p>\n<p>\u201c[The compromise] helps put us on a bipartisan path to pass the CLARITY Act, providing the regulatory certainty needed to foster innovation,\u201d Tillis said in a <a href=\"https:\/\/x.com\/SenThomTillis\/status\/2051464145384489270\" target=\"_blank\" rel=\"noopener noreferrer\">post<\/a> on X. \u201cSome in the banking industry may not want either of these things to happen, and we respectfully agree to disagree.\u201d<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/circle-stock-jumps-20-to-119-53-as-tillis-deal-pushes-clarity-act-forward\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Tillis and Alsobrooks reached a May 4 deal to ban stablecoin rewards functioning like bank interest. Circle (CRCL) stock surged nearly 20% to $119.53 as the market reacted to the bipartisan CLARITY Act update. Regulators will now draft a new disclosure regime for Circle and others [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":72088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72087"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72087"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72087\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72088"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}