Circle and Robinhood Tumble After Coinbase Pulled Support for Federal Bill

TLDR Major crypto stocks plunged January 15-16 after Coinbase CEO Brian Armstrong rejected the CLARITY Act Circle fell 9.67%, Robinhood dropped 7.78%, Coinbase lost 6.49%, and Strategy declined 4.68% Senate Banking Committee postponed the scheduled vote following Armstrong’s withdrawal of support Over $20 billion evaporated from crypto-related stocks in a single trading session Industry remains [...]

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