On June 3, Circle Internet Corp. declined 5.06% in regular trading, trading at $95.565/share, with trading volume of $435 million.

On the news front, the CLARITY Act currently under review by the U.S. Congress contains provisions that would restrict stablecoin yields, triggering market concerns over Circle's core business model. Specifically, Chapter 4 of the bill proposes to prohibit stablecoin issuers from directly paying interest or yields to holders, aiming to prevent stablecoins from evolving into on-chain savings accounts and to protect traditional banks' deposit bases. JPMorgan CEO Jamie Dimon recently warned publicly that major banks would push back against the legislation, advocating that crypto platforms should face bank-equivalent regulatory standards.

As a leading stablecoin issuer, Circle's stock price is particularly sensitive to such policy risks. The stock has now declined in consecutive sessions, falling from approximately $104 on June 1 after insider selling disclosures compounded the selling pressure. Currently, 28 institutions maintain an average target price of $145.17, representing significant upside from current levels, though near-term regulatory uncertainty continues to weigh on sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)