The Economic Times

Crypto stocks plunge today: Why Coinbase (COIN) and Circle (CRCL) stocks are down amid stablecoin regulation shake-up

Coinbase (COIN) and Circle (CRCL) stock today: Coinbase and Circle face regulatory pressure as Washington considers new stablecoin legislation. Proposed restrictions on yield and reward programs could significantly impact revenue for both companies, particularly Coinbase's subscription services and Circle's profitability tied to USDC interest.