On May 4, Circle's shares surged nearly 20% and closed at $119.53 after U.S. Senators Tom Tillis and Angela Alsobrooks reached a bipartisan compromise regarding the language of the CLARITY Act concerning stablecoin rewards.


Key takeaways
On May 4, Tillis and Alsobrooks reached an agreement to ban rewards in the form of stablecoins functioning as bank interest.
Circle (CRCL) shares jumped nearly 20% to $119.53 as the market responded to the bipartisan update to the CLARITY Act.
Now, regulators will develop a new disclosure regime for Circle and other companies before the bill is considered in the Senate in May 2026.
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